AU Small Finance Bank has informed that the bank has necessary approvals of Board of Directors and shareholders in place to borrow/raise funds denominated in Indian rupees by issue of debt securities including but not limited to long term bonds, perpetual debt instruments, Tier II Capital and Bonds as permitted under RBI guidelines. Pursuant to Regulation 50(2), Regulation 50(3) and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulation'), the company has further informed that the Board of Directors at its meeting scheduled on Thursday, 22nd November, 2018 would consider and decide the proposal to raise funds by issuing under Basel II compliant rated, listed, redeemable, Non-Convertible, Tier II Bonds being classified as subordinated debt in one or more tranches, on such terms and conditions as it may deem fit on private placement basis.
The above information is a part of company's filings submitted to BSE.
