Yes Bank, India's 5th largest private sector Bank, and London Stock Exchange Group (LSEG) have signed a memorandum of understanding (MoU) to foster the development around bond and equity issuance, with a strong focus on Green Infrastructure Finance. The MoU was signed on November 12 in London.
Yes Bank is planning to list a Green Bond of up to £330 million through MTNs on the London Stock Exchange by December 2016. The bank also intends to raise further capital in London potentially through the listing of Global Depository Receipt (GDR) as part of its overall £650 million of equity capital raising plans.
The bank has posted a rise of 26.50% in its net profit at Rs 610.41 crore for the quarter ended September 30, 2015 as compared to Rs 482.54 crore for the same quarter in the previous year. Total income has increased by 19.69% at Rs 3995.34 crore for quarter under review as compared to Rs 3337.97 crore for the quarter ended September 30, 2014.
