Equitas SFB allots Rs 500 cr Lower Tier II bonds at 9.95 percent
EQUITASBNK · price
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On the reaction day the stock moved 6.3 pts less than Nifty Microcap 250 and 7.8 pts less than its Other Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Equitas Small Finance Bank allotted 50,000 unsecured subordinated Lower Tier II bonds worth Rs 500 crore via private placement on September 25, 2026. The NCDs carry a 9.95 percent annual coupon, mature in 10 years on September 25, 2036, and will be listed on BSE. Proceeds qualify as Tier II regulatory capital under RBI norms, strengthening the bank's capital base.
Boosts Tier II capital but adds about Rs 50 crore yearly interest cost. No equity dilution for shareholders.