Fundraising through AT1 and tier II bonds nearly doubles in 2022

Capital raising through additional tier I bonds (AT1 bonds) and tier II bonds almost doubled to Rs 82,370 crore in calendar year 2022 over 2021.

Of this, the use of tier II bonds was much higher and their issuance by lenders saw over a three-fold rise to about Rs 53,000 crore.

Debt-market analysts and treasury executives said private-sector banks like HDFC Bank and Axis Bank had been active in issuing tier II bonds.

Public-sector banks were in the market but the size of issues was relatively small.

Banks raised just over Rs 30,000 crore through the Tier I bin in