StockWatch
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Private Sector Bank
Board Meeting7 Sept 2026, 01:09 pm

RBL Bank Plans US$1 Billion Euro Medium Term Note Programme

AI Summary

RBL Bank Limited's Board of Directors has approved the establishment of a Euro Medium Term Note Programme (EMTN Programme) with a potential issuance of foreign currency bonds/notes up to US$1 billion. This programme, subject to regulatory approvals, will enable the bank to raise funds through permissible modes under Regulation S of the U.S. Securities Act, 1933. Powers to manage the EMTN Programme and securities issuance have been delegated to the Borrowing Committee. The securities will not be offered to investors in India. The board meeting was held on September 7, 2026.

Key Highlights

  • RBL Bank to establish a US$1 billion Euro Medium Term Note Programme.
  • Programme allows issuance of foreign currency bonds and notes.
  • Funds to be raised through permissible modes under Regulation S.
  • Borrowing Committee delegated powers for EMTN Programme execution.
  • Securities will not be offered to investors within India.