HDFC twins to issue debt of Rs 1.07 lakh crore

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HDFC Group will give plenty of opportunity to Investors to subscribe to its debt instruments in coming times. The group will issue different types of Debt instruments worth 1.07 lakh crore rupees to investors. Out of this, HDFC Bank will issue close to 50% of the investment instruments. HDFC Bank’s board will consider the proposal at its upcoming meeting on April 15. HDFC twins merger is expected to be completed by second or third quarter of FY24. The group will use a part of Investors fund to finance affordable housing in the country. Besides this SBI has also decided to raise $2Bn in FY24.