Basel III’s $100 Million Tier 2 Notes Offering

Khaitan & Co advised RBL Bank Limited on the deal.

RBL Bank Limited (Bank) partecipated in the issuance of Basel III compliant unsecured and subordinated Tier 2 notes aggregating to US$ 100 million (Notes) to United States International Development Finance Corporation (DFC), America’s development finance institution. The proceeds of the Notes shall be utilised to augment the Bank’s existing Tier 2 capital in India.

The Khaitan & co. team consisted of Partner Rolwine Alva, Savni Tewari (Principal Associate), Manas Pandey (Senior Associate), Nikhila Sameer Dewasthale (Associate).

Involved fees earner: Rolwine Alva – Khaitan & Co.; Nikhila Sameer Dewasthale – Khaitan & Co.; Manas Pandey – Khaitan & Co.; Savni Tewari – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: RBL Bank Limited;