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Wednesday, November 2, 2016

DCB Tier 2 Bond Issue


Term sheet for DCB Bank LTD, Basel III Compliant Tier 2 Bonds.

Particulars

Description

Issuer

DCB Bank Limited

Instrument

Non-convertible Redeemable Unsecured Full Paid-Up Basel III compliant Tier 2 Bonds in the nature of Debentures eligible for inclusion in Tier 2 capital (the "Bonds")

Issue Size

Rs. 100 crores with an option to retain oversubscription of up to Rs. 50 crores

Credit Rating

"[ICRA] A+(hyb) (Outlook: Stable)" by ICRA

Tenure

10 years

Maturity Date

November 18, 2026

Put Option

None

Call Option

After a minimum period of 5 years (subject to RBI Guidelines)

Coupon Rate

9.85%% p.a.

Interest Payment

Half-Yearly

Annualized Yield

10.09%




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