Utkarsh Small Finance Bank allots Rs 300 Crore NCDs at 11.75 percent coupon

Fund Raising View source PDF Explain this filing

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

-2.2%Reaction day

₹13.86

prior close

₹13.99

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-1.6%-0.6% vs market

Other Bank peers, median of 8sector-1.7%-0.5% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.5 pts less than its Other 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

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Other Bank peers, median of 8Pending

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AI summary

Utkarsh Small Finance Bank has allotted 30,000 unsecured subordinated Lower Tier II bonds as NCDs of face value Rs 1 lakh each, aggregating Rs 300 crore. The coupon is 11.75 percent per annum, payable quarterly, with a 7 year tenure. The NCDs are listed on BSE Wholesale Debt Market and were issued via private placement to eligible investors. These bonds qualify as Tier 2 capital under bank regulations.

Likely market impact

Strengthens the bank Tier 2 capital base. Rs 300 crore raised at 11.75 percent signals a high cost of debt for the lender.