Yes Bank has raised $49.2 million from International Finance Corporation (IFC), the private sector financing arm of the World Bank. The funds are raised through issue green bond for a term of 10 years at 6.45%. The bank will invest the proceeds from these bonds in energy efficiency projects and renewable energy projects mainly in the solar and wind sectors.
The bond has been issued under IFC's commitment to raise $ 3 billion under its offshore rupee ‘masala bond’ programme. IFC has already issued bonds worth over Rs 10,300 crore in a range of tenors creating a triple A yield curve thereby attracting new investors to the offshore rupee markets.
Yes Bank, India’s fifth largest private sector Bank, has a pan India presence across all 29 states and 7 Union Territories of India.
