RBL Bank Limited has approved the allotment of USD 350,000,000 5.791% Senior Unsecured Notes due 2031 (the "Notes") on September 16, 2026. This issuance is part of the Bank's previously established USD 1,000,000,000 Euro Medium Term Note (EMTN) Programme.
Instrument Details
- Type: Senior Unsecured Notes
- Size: USD 350,000,000 (United States Dollars Three Hundred and Fifty Million)
- Coupon Rate: 5.791% fixed rate
- Ratings: Baa2 (Stable) by Moody's and BBB+ (Stable) by CareEdge Global
- Security: Unsecured
- Common Code: 350616268
Tenure and Payment Schedule
- Tenure: 5 years
- Allotment Date: September 16, 2026 (T+5)
- Maturity Date: September 16, 2031
- Interest Payment: Semi-annual payments on March 16 and September 16 each year, commencing March 16, 2027
- Principal Repayment: Bullet payment at par on maturity (September 16, 2031)
Use of Proceeds
The net proceeds will be used to:
- Meet funding requirements of the Bank's GIFT City International Banking Unit
- Develop and expand business in the GIFT City International Banking Unit
- Meet the Bank's general corporate purposes
Listing and Regulatory Compliance
The Notes are proposed to be listed on:
- India International Exchange (IFSC) Limited
- NSE IFSC Limited
The issuance was made pursuant to Regulation S of the U.S. Securities Act of 1933 and complies with SEBI Listing Regulations, specifically Regulation 30. The information has been hosted on the Bank's website at www.rbl.bank.in as required under Regulation 46(2).
Additional Information
- This is a continuation of previous communications dated September 7, 2026 (EMTN Programme establishment) and September 9, 2026 (pricing and terms approval)
- No special rights, privileges, or security charges attached to the instrument
- No history of payment delays or defaults
- The offering was made exclusively outside the United States under Regulation S