Equitas Small Finance Bank Lists ₹500 Crore NCDs; Receives Listing Approval
Equitas Small Finance Bank received listing approval for ₹500 crore NCDs on September 29, 2026. The NCDs, with a face value of ₹1,00,000 each, were allotted on September 25, 2026. Interest payments are due annually on September 25, with principal redemption on September 25, 2036. Ratings are CARE AA- and IND AA-.
The listing of ₹500 crore NCDs indicates a significant fundraising activity for the bank, which can impact its capital adequacy and lending capacity.
The announcement details the successful listing of NCDs, which is a positive development for the company's fundraising efforts and financial standing.
Equitas Small Finance Bank Limited has announced the listing approval received on September 29, 2026, for its issuance of 50,000 Rated, Listed, Unsecured, Subordinated, Redeemable, Transferable, Fully Paid Up Lower Tier II Bonds in the nature of Non-Convertible Debentures (NCDs). The aggregate value of these NCDs is ₹500 crores, with each having a face value of ₹1,00,000.
The NCDs were issued on a private placement basis, with the allotment date being September 25, 2026, and the listing date on the BSE Limited as September 29, 2026. The ISIN for these NCDs is INE063P08138.
The record dates for interest payments are set for September 10th annually, with interest payments due on September 25th of each year until 2036. The principal redemption date is scheduled for September 25, 2036. The first interest payment will be made on September 25, 2027.
Credit rating agencies Care Ratings Limited and India Ratings and Research Private Limited have assigned a CARE AA- and IND AA- rating, respectively, with a stable outlook, both rated as 'New' on September 8, 2026, and verified on September 29, 2026, and September 28, 2026, respectively.
What to do with a filing like this
Equitas Small Finance Bank Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Equitas Small Finance Bank Limited. Read the original for the full detail.