Equitas Small Finance Bank plans 10-year bond sale

What happened

Equitas Small Finance Bank is seeking to raise up to 5 billion rupees through a bond sale.
The bonds are priced with a 9.95% coupon and include a call option after five years.

Financial terms from this story, in everyday words.

Coupon: The interest rate paid by a bond issuer to the bondholder.
Call option: A feature allowing the issuer to pay back the bond before its final maturity date.

Original source

NewsData.io

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