Yes Bank has placed Rs 3,000 crore of Basel III Compliant Additional Tier-1 (ATI) Bonds through private placement against the base issue size of Rs 2,100 crore. The bonds will be listed on the BSE and its proceeds will qualify for Basel III Tier-I Capital. The bonds carry a coupon rate of 9.50% p.a. The Bonds have been rated as ‘AA’ (Stable Outlook) by CARE Ratings and ‘AA’ (Stable Outlook) by India Ratings & Research (A Fitch Group Company).
With this, the Bank’s Tier-I Capital Ratio will be at 12% (Basel-Ill as on 30-Sept-2016 including profits and adjusted for pro-rata dividends). The bond issue witnessed participation from Insurance Companies, Mutual Funds, Pension Funds, Provident Funds, Banks amongst others.
Yes Bank, India’s 5th largest private sector Bank is engaged in providing a range of banking and financial services. The Bank operates in four segments: Treasury, Corporate / Wholesale banking, Retail banking and other banking operations.