Cyril Amarchand Mangaldas, Khaitan & Co & Mayer Brown advised United States International Development Finance Corporation on USD 100 mn capital raise to RBL Bank

Cyril Amarchand Mangaldas, Khaitan & Co & Mayer Brown advised United States International Development Finance Corporation on USD 100 mn capital raise to RBL Bank

Leading law firm Cyril Amarchand Mangaldas acted as the legal counsel to United States International Development Finance Corporation (DFC) in relation to USD 100 million Basel III compliant note issued by RBL Bank to DFC, for augmenting its Tier 2 capital.

The Project & Project Finance Practice of Cyril Amarchand Mangaldas advised and assisted DFC on structuring the transaction, issuing a USD denominated note under the RBI Basel III guidelines, and negotiation and execution of transaction documents. The transaction was led by Ramanuj Kumar, Partner; Aditi Misra, Partner; with support from Ragini Agarwal, Associate.

RBL Bank has issued an unsecured and subordinated Basel III compliant Tier 2 Note amounting to USD 100 million to DFC.

Mayer Brown International LLP acted as a Offshore Counsel to United States International Development Finance Corporation and Khaitan & Co. advised & acted as a legal counsel to RBL Bank Limited.