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yes bank to raise rs 30.42 bn issuing basel-iii compliant bonds

yes bank to raise rs 30.42 bn issuing basel-iii compliant bonds Article News With Simple Text and Web Resource Link. For View Full Content Click on Source Link on Then Bottom Of News.



yes bank to raise rs 30.42 bn issuing basel-iii compliant bonds

private sector lender yes bank said friday it will raise up to rs 30.42 billion by issuing basel-iii compliant bonds. the capital raising committee of the board of the bank friday approved issuing 30,420 rated listed non-convertible redeemable unsecured basel-iii compliant tier ii bonds of rs 1 million each aggregating to rs 30.42 billion, yes bank said in a regulatory filing. the issue opening and closing date is september 14, 2018. the bonds, set to mature on september 15, 2028, carry coupon rate of over 9.11 per cent payable annually. the bonds have been rated aaa and aa+ with stable outlook by care ratings and ind-ra, which means they carry the highest degree of safet...