Dhanlaxmi Bank Limited has informed the Exchange regarding 'Allottment of 150 unsecured redeemable non-convertible BaseL-iii COMPLAINT SUBORDINATED tIER-ii bONDS in the nature of debentures'.
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Dhanlaxmi Bank has allotted 150 unsecured, redeemable, non-convertible Basel-III compliant Subordinated Tier-II bonds in the form of debentures. These Tier-II bonds are part of the bank's regulatory capital structure under Basel-III norms. The specific coupon rate, issue size value, and tenure were not disclosed in the headline. Subordinated Tier-II bonds are a form of long-term borrowings that rank below senior debt but qualify as regulatory capital for the bank.
This allotment strengthens the bank's Tier-II capital base, supporting its capital adequacy ratio (CAR) and regulatory compliance. For shareholders, it helps shore up capital but will add to interest expenses over the life of the bonds. The lack of disclosed coupon rate means investors should watch for further details on the cost of this capital raise.