General Announcement::Outcome of Finance Committee Meeting

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
29-Oct-2021 15:57:17
Status
New
Announcement Sub Title
Outcome of Finance Committee Meeting
Announcement Reference
SG211029OTHRX96P
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 Finance Committee of the Board of the Bank has, in its meeting held today, approved the allotment of 2,800 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), for Face Value of Rs.1,00,00,000 each for cash aggregating to Rs. 2,800 crores (Rupees Two thousand eight hundred crores only) on Private Placement basis.

We place below the Credit Ratings assigned to the said T2 Bonds:

Name of the Rating Agency Ratings:

a) CRISIL Ratings CRISILAA+
b) India Ratings and Research IND AA+

The meeting of the Finance Committee concluded at 12.45 p.m.

Kindly take the above information on record.

In compliance with SEBI LODR, the above information is being hosted on the Bank's website at www.indusind.com.

Attachments

Stock Exchange intimation - Outcome of Finance Committee Meeting - 29 October 2021.pdf
Total size =822K