Private sector lender Yes Bank has raised Rs 5,415 crore through bonds to fund business expansion. The bank has issued and allotted a Basel III compliant Additional Tier I Bonds through private placement for an aggregate amount of Rs 5,415 crore. The bank would offer a coupon rate of 9 percent.
Yes Bank is India’s fifth largest private sector Bank with a pan India presence across all 29 states and 7 Union Territories of India.