DCB Bank Limited — QIP/Rights/Pref., 18-11-2024: Allotment of Securities

DCB Bank Limited has announced the allotment of 9.20% non-convertible, listed, rated, and unsecured subordinated Tier 2 bonds via private placement, aggregating up to Rs. 400 Crore. The bonds, with a face value of Rs. 1 Lakh each, will be listed on the NSE and BSE. They mature on November 18, 2034, with an annual coupon payment, and include a call option exercisable after five years. The funds will enhance the bank's Tier 2 capital, supporting its regulatory requirements and growth strategies.