Equitas SFB Allots ₹500 Cr in Lower Tier II Bonds

Equitas Small Finance Bank Limited has announced the allotment of 50,000 Rated, Listed, Unsecured, Subordinated, Transferable, Redeemable, Fully Paid Up Lower Tier II Bonds in the nature of Non-Convertible Debentures (NCDs). The total issue size aggregates to ₹500 crores, with each debenture having a face value of ₹1,00,000. These NCDs were issued on a private placement basis and are listed on BSE Limited. The bonds have a tenure of ten years, with a maturity date of September 25, 2036. The coupon rate offered is 9.95% per annum, with interest payments scheduled annually. The redemption will be a bullet payment at par on maturity.