Mayer Brown advises DFC on Tier 2 note issuance by RBL Bank
London — Mayer Brown acted as US counsel to the United States International Development Finance Corporation (DFC) in connection with the issuance of Basel III compliant unsecured and subordinated Tier 2 Notes aggregating to US$100 million, with a tenor of 117 months by RBL Bank Limited, a private commercial bank in India.
DFC's purchase of Tier 2 Notes from RBL Bank is an investment in financial inclusion in India, which will enable RBL Bank to expand its lending portfolio and improve access to financial services. DFC's support will help micro-, small-, and medium-sized enterprises across India recover from the economic impact caused by the COVID-19 pandemic.
The Mayer Brown team was led by London Banking & Finance partner Robert Flannigan and included partners Gabriela Sakamoto (Washington DC) and Jim Barry (Chicago).