DCB Bank has informed that the Capital Raising Committee (CRC) of Board of Directors of the Bank, by a resolution passed in the meeting held on November 19, 2016 has issued and allotted 15,000 Non-Convertible, Redeemable, Unsecured, Basel III Compliant Tier 2 Bonds, for Inclusion in Tier 2 Capital of the Bank in the nature of debentures of the face value of Rs 1,00,000 each (Bonds) at par aggregating to Rs 150 crores in dematerialized form to the identified investor(s) on Private Placement basis with interest at the rate of 9.85% per annum for a period of ten years from November 18, 2016 (the Deemed Date of Allotment). The Bonds have been rated ‘[ICRA] A+ (hyb)’ as affirmed by ICRA vide letter dated November 04, 2016.
The above information is a part of company’s filings submitted to BSE.
