Yes Bank has successfully raised Rs 554.2 crore of Basel III compliant Tier II bonds. The issue was rated AA+ hyb by ICRA and AA+ by CARE. The issue closed on June 29, 2015 and witnessed strong demand from leading investors including several Insurance companies and pension & Provident Funds, resulting in a total subscription of Rs 554.2 crore. The said bonds are listed on the Bombay Stock Exchange (BSE) and were raised at a coupon rate of 9.15%, with a tenor of 10 years.
Yes Bank, Indai’s fifth largest private sector bank with a pan India presence across all 29 states and 7 union Territories of India.
