Yes Bank strengthens on raising $500 million

02 Apr 2014 Evaluate

Yes Bank is currently trading at Rs. 413.50, up by 3.00 points or 0.73% from its previous closing of Rs. 410.50 on the BSE.

The scrip opened at Rs. 414.75 and has touched a high and low of Rs. 416.00 and Rs. 409.95 respectively. So far 167805 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 547.15 on 20-May-2013 and a 52 week low of Rs. 216.10 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 418.75 and Rs. 382.30 respectively. The current market cap of the company is Rs. 14840.07 crore.

The promoters holding in the company stood at 25.56% while Institutions and Non-Institutions held 58.82% and 15.63% respectively.

Yes Bank, India’s fourth largest private sector Bank, has recently raised additional $34 million from DEG, through a long term senior loan agreement for a tenor of 6 years. This loan arrangement follows Yes Bank raising dual tranche $150 million from IFC, Washington, a member of the World Bank Group, for tenor of 2 and 7 years, in December 2013. The bank was the first institution globally to receive funding through IFC's Managed Co- Lending Portfolio Program and the first Indian bank to raise loan under IFC’s A/B loan facility.

By utilizing the liberalized regulations of the RBI in raising the FCY borrowings limit from 50% to 100% of Tier I capital and the concessional FCNR (B) deposit swap window, Yes Bank has closed the financial year 2013-14 with $500 million raised in longer term FCY loan and FCNR funds. The loan facilities are being used by the bank to scale up its general corporate lending and small and medium enterprise loan portfolios.

The Multi-currency dual tenor tranche FCY syndicated loan of $180 million/EUR 58 million raised by the bank, during the FY 2013-2014, was also recognized as the ‘Financial Institutions Syndicated Deal of the Year 2013’ by the Asia Pacific Loan Market Association (APLMA) for the second consecutive year.

 

Yes Bank Share Price

22.87 -1.24 (-5.14%)
07-May-2024 16:01 View Price Chart
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