In accordance with the provisions of Regulation 30 of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, The Federal Bank has informed that the Credit, Investment and Raising Capital Committee constituted by Board of Directors of the Bank vide resolution passed on January 20, 2022 approved the allotment of Unsecured Basel III compliant Tier-II Subordinate Bonds in the nature of Debentures as: The Bank has raised Rs 700,00,00,000 by issue of Debentures and allotted 500 Debentures of Rs 100,00,000 to LIC of India, 75 Debentures of Rs 100,00,000 to Star Health and Allied Insurance Company, 100 Debentures of Rs 100,00,000 to Nippon India Short Term Fund and 25 Debentures of Rs 100,00,000 to Nippon India Equity Hybrid Fund on private placement basis and The said Debentures shall be listed on National Stock Exchange of India.
The above information is a part of company’s filings submitted to BSE.
