ESAF SFB allots Rs 85 crore Tier II NCDs at 11.65% via private placement

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Nifty Microcap 250market · in no size index; the smallest one is used-0.6%-0.4% vs market

Other Bank peers, median of 8sector-2.2%+1.3% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 1.3 pts more 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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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.