Disqus for www.money99.in

Thursday 26 February 2015

Yes Bank Raises Rs 1,000cr Via Green Bonds, Double The Target

Private sector Yes Bank  raised Rs 1,000 crore against a targeted Rs 500 crore by issuing green infrastructure bonds. The bonds are of 10-year tenor and the money raised will be used for funding renewable energy projects in solar, wind, biomass and small hydel plants, the lender said in a statement here. The bank, which had set out with a target to raise Rs 500 crore, saw demand from insurance companies, pension and provident funds, foreign portfolio investors and mutual funds, which resulted in the greenshoe option being utilised. this is the first green infrastructure bond issue in India and expressed satisfaction at the response. The statement, however, did not offer any details on the pricing of the issue. it had made a commitment to fund 5,000 mw of renewable energy projects during the recent summit organised by the Government and added the proceeds from the issue will be used to fund the same. In 2014-15, India's fourth largest private Bank bank raised USD 1.2 billion through various transactions, including USD 500 million funding last May, a USD 422-million syndicated loan in October and a USD 200-million loan from the Asian Development Bank in December. It said globally, USD 35 billion was raised in green bonds in 2014, while the Indian market for this offering is either non-existent or in nascent stage. Given the long-term gestation of such projects, the bonds are useful in taking care of any potential asset liability mismatches, the bank had said earlier. Shares of Yes Bank closed at Rs 794.85 apiece on BSE, down 0.65 per cent over previous close.


Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.

0 comentários:

Dear Friends,
Sorry to say that you are suffered for the chart initially available, now they are restored and you can very well see the chart on money99.org similar to money99.in.
And all of you are intimated that we are going to develop more and more in money99.org to facilitate your dreamy demands.

Disqus for www.money99.in

Recent Posts

© Copyright 2015 Money99. Designed by Parag Patil