RBL Bank Allots $350M Senior Unsecured Notes

RBL Bank Limited has approved the allotment of U.S.$350,000,000 5.791 per cent. Senior Unsecured Notes due 2031. This issuance is part of the Bank's U.S.$1,000,000,000 Euro Medium Term Note Programme. The Notes are rated Baa2 (Stable) by Moody's and BBB+ (Stable) by CareEdge Global. Proceeds will be used for funding and developing the Bank's GIFT City International Banking Unit and for general corporate purposes. The Notes are proposed to be listed on India International Exchange (IFSC) Limited and NSE IFSC Limited.