Equitas Small Finance Bank Limited has informed the Exchange regarding 'Disclosure in terms of the SEBI Master Circular for Issue and listing of Non-Convertible Securities, Securitized Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper dated May 22, 2024 (Erstwhile August 10, 2021) Chapter XIV- Centralized Database for Corporate Bonds/Debentures '.
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Equitas Small Finance Bank has received BSE listing approval (dated August 4, 2025) for 50,000 Lower Tier II Non-Convertible Debentures issued on a private placement basis. The bonds have a face value of Rs. 1,00,000 each, aggregating to Rs. 500 crores, with allotment completed on July 31, 2025. The bonds carry an annual interest of Rs. 9,600 per debenture (i.e., 9.6% per annum), are unsecured and subordinated, with a 5-year tenure maturing on July 31, 2030. They have been rated AA- with a Stable outlook by both India Ratings and CARE Ratings. No prior interest or redemption payments have been made, and the issuer has no history of defaults on debt securities.
The Rs. 500 crore capital raise strengthens the bank's Tier II capital base, supporting growth and regulatory compliance. For shareholders, this is a routine capital management action and should not materially affect the stock price, though it adds to the bank's interest expense going forward.