Forex
RBL Bank Gets Green Light for $1 Billion Euro Medium Term Note Programme
RBL Bank's board has approved a $1 billion Euro Medium Term Note (EMTN) Programme to issue foreign currency debt in international markets.
This standing framework allows the bank to raise capital opportunistically based on global market conditions and funding requirements.
The EMTN program enables RBL Bank to issue foreign currency denominated bonds, notes, or other debt securities up to an aggregate limit of $1 billion across one or more tranches.
The approval of this debt programme enhances RBL Bank's funding diversification by opening up global liquidity channels and reduces its dependency on high-cost domestic wholesale deposits.