The board of directors of DCB Bank Limited, by a resolution passed in the meeting held on January 15, 2018, has issued and allotted 15,000 Non-Convertible, Redeemable, Unsecured, Basel III Compliant Tier 2 Bonds, for Inclusion in Tier 2 Capital of the Bank in the nature of debentures of the face value of INR 100,000 each ('Bonds') at par aggregating to INR 1,500 million in dematerialized form to the identified investor(s) on Private Placement basis with interest @ 9.85% per annum for a period of ten years from January 12, 2018 (the Deemed Date of Allotment).