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CSB Bank Limited — Capital/Financing Update 2021
Jun 3, 2021
61968_rns_2021-06-03_f7db9b97-886b-40a6-a138-42b19238c436.pdf
Capital/Financing Update
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SEC/183/2021 June 03, 2021
BSE Limited, National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange plaza, 5[th] floor, Dalal Street, Bandra-kurla Complex, Mumbai 400001. Bandra (E), Mumbai 400051. Scrip code: 542867 Symbol: CSBBANK
Dear Sir/Madam,
Intimation of assigning Credit Rating by CRISIL to the proposed Rs. 500 Crore Tier II, Basel III compliant bonds issue Programme of the Bank.
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that, CRISIL, vide letter dated June 3, 2021 has assigned ‘CRISIL A /Stable’ rating to the proposed Rs. 500 Crore Tier II, Basel III compliant bonds issue Programme of the Bank.
As per CRISIL ratings schedule, the instruments with rating symbol of ‘CRISIL A /Stable’ are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk The rating rationale has been published and can be accessed at the below link:
https://www.crisil.com/mnt/winshare/Ratings/RatingList/RatingDocs/CSBBankLimited_June%2002 ,%202021_RR_272373.html
The details of the bonds issue Programme will be intimated in due course once the issue Programme has progressed further and materialised.
Kindly take the same on record.
Thanking You.
Yours faithfully,
SIJO VARGHESE Digitally signed by SIJO VARGHESE DN: st=KERALA, serialNumber=da67d16a892dbce0f63c24da300ebd6a93ef99e00629fb3f519fd7bc49a7ccee, postalCode=680020, ou=SECRETARIAL DEPARTMENT, o=CSB BANK LIMITED, c=IN, cn=SIJO VARGHESE Date: 2021.06.03 13:18:42 +05'30'
Sijo Varghese Company Secretary
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CSB Bank Limited Regd. Office: CSB Bhavan, St. Mary's College Road, Thrissur – 680020, Kerala, India. Tel: +91 487–2333020 | Fax: +91 487–2338764 | Web: www.csb.co.in | Email: [email protected] | CIN: L65191KL1920PLC000175