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HDFC Bank has been planning to raise Rs 50,000 crore within a year through issue of debt instruments.
The bank has said in a regulatory filing that it proposes to raise funds by issuing perpetual debt instruments (part of additional tier I capital), tier II capital bonds and senior long term infrastructure bonds up to a total amount of Rs 50,000 crore.
The perpetual bonds do not carry any maturity date, so they may be treated as equity, not as debt.
The purpose of utilisation of funds has not been disclosed by the bank.
