Yes Bank has received approval to set up MTN programme to raise $1 billion (about Rs 6,500 crore) on private placement basis. The Capital Raising Committee of the board at its meeting held on November 29, 2017 has considered and approved for the same.
The Medium Term Note (MTN) programme, an instrument to raise money through debt securities that typically matures in 5-10 years, is within the overall borrowing limit of Rs 20,000 crore. The bank can raise money, in Indian or foreign currency through various means, including issuance of debt securities such as non-convertible debentures, MTNs, tier I/II bonds, as well as long-term infrastructure bonds.
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.
