Announced Thu, 25 Jun · 11:06 IST
ESAF SFB allots Rs 85 crore Tier II NCDs at 11.65% via private placement
Fund Raising View source PDF
ESAFSFB · price
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Price reaction · full curve 14 horizons · vs prior close
-0.7%1-day move
₹32.87
prior close
₹32.74
base price
In-mkt
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AI summary
ESAF Small Finance Bank has allotted 8,500 unsecured, redeemable Basel II compliant lower Tier II subordinated NCDs on private placement basis, aggregating Rs 85 crore. Face value Rs 1 lakh each. Coupon rate capped at 11.65% per annum, payable quarterly. Tenure 73 months, maturing July 25, 2032. Bonds to be listed on NSE NTRP under New Debt Market.
Likely market impact
Strengthens Tier II capital base; 11.65% coupon signals higher borrowing cost typical for small finance banks in current rate cycle.