General Announcement::Outcome of the Board Meeting held on October 21, 2021

Issuer & Securities

Issuer/ Manager
INDUSIND BANK LIMITED (ACTING THROUGH ITS INTERNATIONAL FINANCIAL SERVICES CENTRE BANKING UNIT)
Securities
INDUSINDBKUS$400M3.875%N220415 - XS1978939079 - JNNB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
21-Oct-2021 19:38:36
Status
New
Announcement Sub Title
Outcome of the Board Meeting held on October 21, 2021
Announcement Reference
SG211021OTHRQG7G
Submitted By (Co./ Ind. Name)
IndusInd Bank Limited
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Board of Directors have, in their meeting held today in Mumbai, approved issuance of Rated, Listed, Non-Convertible, Subordinated and Unsecured Basel III Compliant Bonds in the nature of Debentures towards Non-Equity Regulatory Tier 2 Capital (T2 Bonds) with Face Value of Rs.1,00,00,000 each for cash, for an amount not exceeding Rs.2,800 crores (Rupees Two thousand eight hundred crores only) on private placement basis, subject to approvals and consents of regulatory authorities as may be required.

The Board also authorized the Finance Committee of the Board to approve the details of the issuance and to finalize the allotment of securities.

We request you to kindly take the above on record and arrange to bring this to the notice of all concerned.

A copy of the intimation is being uploaded on the website of the Bank at www.indusind.com

Attachments

SEOutcomeofBoardMeeting211021FundRaisingRegulation30.pdf
Total size =346K