DCB Bank Ltd allots 15000 bonds

The Capital Raising Committee (CRC) of Board of Directors of DCB Bank Ltd, by a resolution passed in the meeting held today i.e. on January 15, 2018 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/- (Rupees One Lakh only) each ('Bonds') at par aggregating to Rs.150 crores (Rupees One Hundred Fifty Crores only) in dematerialized form to the identified investor(s) on Private Placement basis with interest @ 9.85% per annum for a period of ten years from January 12, 2018 (the Deemed Date of Allotment).

The Bonds have been rated 'CRISIL A+/Stable' by CRISIL Limited for the Bond Programme of Rs.150 crores vide letter dated December 29, 2017.

Shares of DCB Bank Limited was last trading in BSE at Rs.193.5 as compared to the previous close of Rs. 202.4. The total number of shares traded during the day was 145206 in over 1257 trades.

The stock hit an intraday high of Rs. 203.3 and intraday low of 192.3. The net turnover during the day was Rs. 28584733.

Source : Equity Bulls

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