Yes Bank, India's 4th largest Private Sector Bank will raise Rs 500 crore plus greeshoe via issue of India's First ever Green Infrastructure Bonds. The bonds are for a tenor of 10 years. The amount raised will be used by Yes Bank to finance Green Infrastructure Projects in Renewable Energy and Energy Efficiency Projects including Solar Power, Wind Power, Biomass, and Small Hydel Projects. KPMG in India will be providing the Assurance Services annually, on the use of proceeds in line with the Green Bond principles.
The Bond issue comes on the back of a record USD 1.2 billion capital raised by Yes Bank in 2014-15 through multiple transactions including a USD 500 million funding in May 2014, USD 422mn Syndicated Loan in October 2014 and USD 200 million Loan from Asian Development Bank in December 2014. In January 2015, YES BANK also signed an MoU of USD 220 million with OPIC, the US Government's Development Finance Institution and Wells Fargo to explore financing to - MSMEs.
Yes Bank’s sustainable development vision has been to ensure long term business success, by contributing towards economic and social development, a healthy environment and a stable society. The impact of this vision is comprehensively captured by reporting on environmental and social impacts that really matter, making the report very strategic, focused and credible.
Company Name | CMP |
---|---|
HDFC Bank | 1517.05 |
ICICI Bank | 1149.90 |
Axis Bank | 1166.15 |
Indusind Bank | 1515.60 |
Kotak Mahindra Bank | 1623.75 |
View more.. |