Yes Bank in spotlight after raising Rs 3000 crore via bonds : 26 Dec 2016



Yes Bank announced that it has placed Rs 3000 crore of Basel III compliant Additional Tier-1 (AT1) bonds through private placement against the base issue size of Rs 2100 crore. The bonds will be listed on the BSE and its proceeds will qualify for Basel III Tier-I capital. The bonds carry a coupon rate of 9.5% per annum. The bonds have been rated as CARE AA (Stable Outlook) by CARE Ratings and IND AA (Stable Outlook) by India Ratings & Research (A Fitch Group Company). The announcement was made on Saturday, 24 December 2016. 
Yes Bank in spotlight after raising Rs 3000 crore via bonds : 26 Dec 2016  Yes Bank in spotlight after raising Rs 3000 crore via bonds : 26 Dec 2016 Reviewed by Money99 on 09:38:00 Rating: 5

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