NDB plans to raise Rs. 6.5 billion via BASEL III compliant debentures.
It will issue 50 million five-year BASEL III compliant Tier 2, listed, rated, unsecured, subordinated, redeemable debentures (with a non-viability conversion) at Rs. 100 each with an option to offer a further 15 million of said debentures in the event of an oversubscription of the original amount.
The issue is subject to regulatory and other approvals.