Yes Bank has successfully completed issuance of its maiden $600 million bond issue in the international debt markets. The Bond issuance is for a tenor of 5 years and is rated ‘Baa3’ by Moody’s Investors Service. The Bond will be listed on the London Stock Exchange International Securities Market (LSE ISM), the Singapore Exchange Securities Trading (SGX), and the India International Exchange IFSC at GIFT City, Gandhinagar.
CLSA, HSBC, JP Morgan Securities, Merrill Lynch International, Nomura, Standard Chartered and Yes Bank (IFSC) acted as Joint Book Running Lead Managers (BRLM’s) for the offering. The proceeds will be used to fund the bank’s IFSC Banking Unit (IBU) in Gift City and expand IBU’s rapidly growing business opportunities.
Yes Bank, India’s fourth largest private sector bank has a pan India presence across all 29 states and 7 Union Territories of India.
