RBL Bank allots USD 350M senior unsecured notes at 5.791% due 2031

Fund Raising View source PDF Explain this filing

RBLBANK · price

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Price reactionminutes from the announcement price · days from the prior close

+0.3%Reaction day

₹403.30

prior close

₹403.00

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.8%-0.5% vs market

Private Sector Bank peers, median of 19sector-0.8%+1.1% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Smallcap 250 and 1.1 pts more than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.4

10m

+1.0

15m

+1.3

30m

+1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.3+0.8-0.5-0.8+1.1

Next day

+1.2+2.4-1.2+0.1+1.1

-0.3+2.3-2.6+0.1-0.4

+4.9+2.2+2.7-0.3+5.2

+6.1+3.1+3.0+1.4+4.7

+2.0+1.6+0.4-1.5+3.5

+0.9-0.0+0.9-3.9+4.8

15d

+3.5-1.6+5.2-2.0+5.5

-6.8-2.4-4.4-0.7-6.1

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UpDownMarket · Nifty Smallcap 250Sector · Private Sector Bank peers, median of 19Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

RBL Bank has allotted USD 350 million senior unsecured notes at a fixed coupon of 5.791 percent, maturing in September 2031. This is part of the bank's earlier approved USD 1 billion Euro Medium Term Note Programme. Proceeds will fund the bank's GIFT City IFSC unit, business expansion there, and general corporate purposes. Notes are rated Baa2 (Stable) by Moody's and BBB+ (Stable) by CareEdge Global, and will be listed on India INX and NSE IFSC.

Likely market impact

Strengthens capital base and funds GIFT City growth via USD 350M offshore debt at 5.791 percent. Manageable cost; positive for expansion plans.