IDFC First Bank update on issue of Basel III Compliance Tier 2 Bonds
Further, within the aforesaid limit of Rs. 2,000 crore, the Committee has approved the First Tranche Placement Memorandum for Private Placement of upto 1,500 Bonds with issue size of Rs. 1,000 crore and a Green Shoe Option to retain oversubscription up to Rs. 500 crore, having an aggregate nominal value of upto Rs. 1,500 crore.