Issue: Fixed rate, senior secured, social US$ bonds
Launch Yield: 7.60%
Security: First ranking pari passu charge over all right, title, interest, benefits, claims and demands, whatsoever of the Issuer in, to and in respect of, all present and future, receivables/assets, including Issuer's accounts, operating cash flows, current assets, book debts, loans and advances and receivables, to the extent of complying with the Security Coverage Ratio (as defined in the Offering Circular) but excluding the Excluded Assets (as defined in the Offering Circular).
Format: 144A / Reg S, Category 1, Drawdown off GMTN program
SPO Provider: Sustainable Fitch
Launch Size: US$500m
Tenor: 3.25 years
Settlement Date: 10-Jun-26 (T+5)
Maturity Date: 10-Sep-29
Coupon: Fixed, semi-annual, 30/360
Use of Proceeds: In accordance with the Issuer's Social Finance Framework, for onward lending and for supporting growth of the Issuer's business in accordance with the ECB Regulations
Maintenance Covenants: Included but not limited to:
Security Coverage Ratio >= 1.0. Security at all times to consist of Standard Assets
Net NPA Ratio <= 5%
Capital Adequacy Ratio to be maintained in line with RBI guidelines (min. 15% regulatory requirement as on date)
Change of Control Put: At 101%, if Change of Control and Rating Decline
Clearing: DTC, Euroclear and/or Clearstream
Governing Law: English Law
Listing: India International Exchange (IFSC) Limited and NSE IFSC Limited
Joint Global Coordinators and Joint Bookrunners: Emirates NBD Bank PJSC, HSBC (B&D), J.P. Morgan, Standard Chartered Bank