NSE:ESAFSFB

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ESAF Small Finance Bank Raises INR850 Million via Tier II Bonds

ESAF Small Finance Bank (NSE:ESAFSFB, BOM:544020) raised 850 million Indian rupees through the issuance of Basel III-compliant Tier II subordinated bonds on a private placement basis.The bank allotted 8,500 unsecured, redeemable, taxable, listed non-convertible debentures with a face value of 100,000 rupees each, according to a stock exchange filing on Thursday.The bonds carry an interest rate of 11.65% and will mature on July 25, 2032.Shares of the bank fell nearly 1% in recent trade.

BOM:544020NSE:ESAFSFB

Asia13d ago

ESAF Small Finance Bank's Total Business Crosses INR500 Billion; Shares Up 3%

ESAF Small Finance Bank (NSE:ESAFSFB, BOM:544020) said its total business crossed 500 billion rupees as of June 11, according to a Friday filing on Indian bourses.The bank reported total business of 500.3 billion rupees, comprising deposits of around 262 billion rupees and gross advances of 238.3 billion rupees, the filing said.ESAF Small Finance Bank said it has 816 branches and banking outlets across the country.Shares of the bank rose over 3% in recent trade.

BOM:544020NSE:ESAFSFB

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