AU Small Finance Bank Seeks to Raise ₹1,500 Crore via Tier II Bond Issuance
AU Small Finance Bank Ltd has announced plans to raise ₹1,500 crore through the issuance of unsecured, rated, listed, redeemable, subordinated, non-convertible Lower Tier II Bonds. This move is aimed at bolstering the bank's Tier II capital, enhancing its financial stability and supporting its growth strategy. The bond issuance is subject to regulatory approvals and market conditions. With this fundraising effort, AU Small Finance Bank aims to strengthen its capital base and improve its risk management capabilities, ultimately benefiting its customers and stakeholders. This development is expected to have a positive impact on the bank's financial performance and competitiveness in the market, driving growth and expansion in the banking and finance sector.
