Federal Bank Plans to Raise ₹10,000 Cr via Debt Instruments

Federal Bank Ltd announced its Board of Directors has approved a proposal to raise funds up to ₹10,000 Crores through the issuance of various debt instruments. These include AT1 bonds, Tier II bonds, long-term bonds (for infrastructure and affordable housing), Masala Bonds, Green Bonds, and non-convertible debentures. The fundraising will be conducted on a private placement basis in domestic and/or overseas markets, subject to shareholder and regulatory approvals. This move aims to bolster the bank's capital base and support future growth initiatives.