economictimes.com

RBL Bank Board Approves Up to $1B Overseas Bond Raising Plan

RBL Bank logoRBL Bank
Sig2.76Sen+3.28Env0.00Soc0.00Gov+1.35

RBL Bank’s board approved a plan to mobilise up to USD 1 billion from overseas investors through a Euro Medium Term Note Programme. The bank said the EMTN framework will be set up under Regulation S of the US Securities Act, subject to regulatory, statutory and other approvals, and could be used for foreign-currency debt issuance from time to time based on market conditions.

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