Through private placement of Tier 2 Bonds
DCB Bank announced that the Capital Raising Committee (CRC) of Board of Directors of the Bank, by a resolution passed in the meeting held on 19 November 2016 has issued and allotted 15,000 Non-Convertible, Redeemable, Unsecured, Basel III Compliant Tier 2 Bonds, for Inclusion in Tier 2 Capital of the Bank in the nature of debentures of the face value of Rs. 1,00,000/- (Rupees One Lakh only) each ("Bonds") at par aggregating to Rs. 150 crore (Rupees One Hundred Fifty Crores only) in dematerialized form to the identified investor(s) on Private Placement basis with interest @ 9.85% per annum for a period of ten years from 18 November 2016 (the Deemed Date of Allotment). The Bonds have been rated "[ICRA] A+(hyb)" as affirmed by ICRA Limited vide letter dated November 04, 2016.Powered by Capital Market - Live News
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