On private placement basis
DCB Bank announced that the Board of Directors at its meeting held on 15 January 2017 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 each ('Bonds') at par aggregating to Rs.150 crore 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 12 January 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.
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