Loan & Debt25 Sept 2026, 05:11 pm
Utkarsh SFB Allots ₹300 Cr NCDs at 11.75% Coupon
AI Summary
Utkarsh Small Finance Bank Ltd has approved the allotment of 30,000 Rated, Listed, Unsecured, Subordinated, Redeemable, Lower Tier II Bonds in the form of Non-Convertible Debentures (NCDs) aggregating ₹300 Crore. The NCDs carry a coupon rate of 11.75% per annum, payable quarterly, and have a tenure of 7 years. The issuance is on a private placement basis and the NCDs are proposed to be listed on the Wholesale Debt Market segment of BSE Limited. This move aims to strengthen the bank's capital base and fund its growth initiatives.
Key Highlights
- Allotted ₹300 Crore via 7-year NCDs.
- Coupon rate set at 11.75% per annum, paid quarterly.
- NCDs are unsecured, subordinated, and redeemable.
- Issuance completed on a private placement basis.
- NCDs will be listed on BSE's Wholesale Debt Market.
Price Impact
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