Yes Bank, the country’s fifth largest Private Sector Bank, will raise Rs 330 crore (approximately $50 million equivalent) through an issue of a 7-year Green Infrastructure Bonds to FMO, the Dutch Development Bank, on a private placement basis. FMO will be investing in the bank’s bonds through FMO’s own sustainable bonds. This is FMO’s first Investment in a Green Bond issued by a bank in India.
The amount raised will be used by the bank to finance Green Infrastructure including solar and wind projects in the renewable energy space. This issuance would be externally assured by a reputed third party. This is the third such green bond issuance by the bank in the last 18 months.
Yes Bank, India’s fifth largest private sector Bank with a pan India presence across all 29 states and 7 Union Territories of India, headquartered in the Lower Parel Innovation District (LPID) of Mumbai.
