According to an exchange filing, Development Credit Bank (DCB) has allotted unsecured, subordinated, non-convertible, fully paid-up, taxable, redeemable, Basel III compliant Tier II bonds worth Rs 300 crore.
The base issue size for the bonds is Rs 250 crore with a green shoe option to scale it up by Rs 50 crore.
The debt instruments worth Rs 1 crore each, will provide an annual interest payout with a coupon rate of 9.35 per cent.
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