RBL Bank Approves Terms for Senior Notes under EMTN Programme

RBL Bank Limited has approved the pricing, tenure, and other terms for senior notes to be issued under its US $1 billion Euro Medium Term Note (EMTN) Programme. This follows the establishment of the programme on September 7, 2026. The bank will issue US $350 million in senior unsecured notes due 2031, with a coupon rate of 5.791% fixed. These notes are expected to be rated Baa2 (stable) by Moody's and BBB+ (Stable) by CareEdge Global. The net proceeds will be used for the GIFT City International Banking Unit's funding and business development, as well as general corporate purposes. The notes will be listed on India International Exchange IFSC Limited and NSE IFSC Limited.