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