Equitas SFB Lists ₹500 Cr Lower Tier II Bonds

Equitas Small Finance Bank Limited has announced the listing approval for its issuance of 50,000 Rated, Listed, Unsecured, Subordinated, Redeemable, Transferable, Fully Paid Up Lower Tier II Bonds in the nature of Non-Convertible Debentures (NCDs). The total issue size is ₹500 crores, with each bond having a face value of ₹1,00,000. The NCDs were issued on a private placement basis and received listing approval on September 29, 2026, with an allotment date of September 25, 2026. The bonds carry a 'CARE AA-' rating from Care Ratings and 'IND AA-' from India Ratings and Research, both with a stable outlook. The first interest payment is scheduled for September 25, 2027, and the principal redemption is due on September 25, 2036.