RBL Bank fixes pricing of US$350 million senior notes due 2031

Fund Raising View source PDF Explain this filing

RBLBANK · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-1.3%Reaction day

₹416.00

prior close

₹413.00

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.0%-1.3% vs market

Private Sector Bank peers, median of 19sector+0.3%-1.5% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Smallcap 250 and 1.5 pts less 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

+0.6

10m

+0.6

15m

+0.7

30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.3+0.0-1.3+0.3-1.5

Next day

-0.8-0.5-0.3-0.2-0.6

-3.0-2.9-0.1-2.4-0.6

-3.1-3.1+0.0-1.2-1.9

-2.8-2.3-0.5-0.1-2.7

-1.9-0.8-1.2+0.3-2.2

+1.7-0.9+2.7-1.0+2.8

15d

+0.1-4.2+4.3-3.6+3.8

+0.4-3.6+4.0-3.5+3.9

—————

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 approved pricing and terms for US$350 million senior unsecured notes under its US$1 billion Euro Medium Term Note Programme. Notes carry a 5.791 percent fixed coupon with 5 year tenure, maturing September 16, 2031, and allotment on September 16, 2026. Rated Baa2 stable by Moody's and BBB+ stable by CareEdge Global. Proceeds will fund GIFT City IBU operations, expansion and general corporate purposes. Notes will be listed on India International Exchange IFSC and NSE IFSC.

Likely market impact

Raises low cost overseas funding to support GIFT City IBU growth, modestly diversifies funding mix. No equity dilution.