Alpen Capital has advised Ratnakar Bank Limited (RBL) in raising USD 100 MM through a private placement of unsecured, subordinated, unrated, unlisted, non-convertible, fully paid-up, redeemable Basel III compliant tier-2 USD notes. The notes carry a maturity of 10 years, however, a call option may be exercised at the sole discretion of the bank after completion of 5 years from the date of subscription.

Alpen Capital had also advised RBL in 2015 to raise a five year USD 100 million facility from the Asian Development Bank, along with an investment to the tune of 4.5% of equity into RBL.

About Ratnakar Bank Limited:
Established in 1943, RBL is one of India’s leading private sector banks with an expanding presence across the country. It offers specialized services under five business verticals namely: Corporate & Institutional Banking, Commercial Banking, Branch & Business Banking, Retail Assets and Treasury and Financial Markets Operations. It currently services over 10.66 million customers through a network of 500 branches; spread across 28 Indian states and Union Territories.

About US Development Finance Corporation (DFC)
U.S. International Development Finance Corporation (DFC) is the U.S. Government's development finance institution. DFC mobilizes private sector investment in emerging economies and prioritizes investments in lower-income countries and underserved communities. DFC offers debt financing, equity investments, funding for emerging markets private equity funds, political risk insurance, feasibility studies and technical assistance.