Announced Thu, 25 Jun · 11:08 IST
ESAF SFB allots 85 Crore Tier II bonds at 11.65 percent via private placement
Fund Raising View source PDF
ESAFSFB · price
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Price reaction · full curve 14 horizons · vs prior close
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₹32.87
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₹32.74
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AI summary
ESAF Small Finance Bank has allotted 8,500 unsecured, redeemable, Basel II compliant lower Tier II subordinated NCDs of face value Rs 1,00,000 each, aggregating to Rs 85 crore, on a private placement basis. The bonds carry a fixed coupon of up to 11.65 percent per annum, payable quarterly, with a tenure of 73 months maturing on 25 July 2032. Proceeds are likely to strengthen the bank's capital base under Tier II capital requirements.
Likely market impact
Boosts Tier II capital adequacy; equity holders may see minor dilution of ROE due to interest cost, but strengthens long-term capital position.