Yes Bank, Private sector lender plans to raise up to INR 2,500 crore by issuing long-term bonds on a private placement basis.
The bank said in regulatory filings, “The bank proposes to raise funds by issuing senior unsecured listed rated redeemable long-term bonds in the form of debentures amounting to INR 1,000 crore, with a green shoe option for an additional amount up to INR 1,500 crore on a private placement basis.”
The bank has formerly received approvals from the shareholders and the board of directors to raise or borrow funds up to INR 10,000 crore in Indian or foreign currency through various other instruments and by issuing debt securities.
Yes bank said INR 10,000 crore could be raised in one or more portions on private placement basis from time-to-time.
The bank can also float instruments such as medium-term notes, non-convertible debentures, Basel III compliant bonds, long-term infrastructure bonds or any securities permitted by RBI to meet its funding requirements.
Yes Bank had informed earlier this week about raising INR 330 crore (USD 50 million) by issuing a long-term green infrastructure bond to Dutch Development Bank FMO on a private placement basis.
Stock of the company traded 3.15 per cent down at INR 1,228.50 on BSE.
Yes Bank plans to raise INR 2,500 crore
