The legal firm Khaitan & Co advised DCB Bank on a deal related to the issuance of a certain type of debt instrument. According to the information, DCB Bank finally issued a non-convertible, listed, rated, unsecured, subordinated, taxable, fully paid-up, redeemable, cumulative, Basel III compliant debt instrument.
These debt instruments have specific characteristics, including being immovable, having a fixed interest rate, and being redeemable. The details of this deal have not been made public, but it is likely that the purpose of the issuance was to raise capital for the bank, as is common in the banking industry.
As a result of this transaction, DCB Bank has strengthened its financial position and is better equipped to meet its future obligations. The exact terms of the deal, including the face value and interest rate of the debt instruments, are not publicly available.
Source: https://globallegalchronicle.com/dcb-bank-limiteds-bond-offering/