Raises Rs 554.2 crore
Yes Bank has successfully raised Rs 554.2 crore of Basel III compliant Tier II Bonds. The issue was rated ICRA AA+ hyb by ICRA and CARE AA+ by CARE. The issue closed on 29 June 2015 and witnessed strong demand from leading investors including several Insurance companies and pension & provident funds, resulting in a total subscription of Rs 554.2 crore. The said bonds are listed on the Bombay Stock Exchange and were raised at a coupon rate of 9.15% with a tenor of 10 years.With this capital raising initiative, Yes Bank's total capital funds base has crossed Rs 16700 crore. The Bond issue comes on the back of India's first ever Green Infrastructure Bonds for Rs 1000 crore raised by the Bank in February 2015. The Bank has also raised a record amount of USD 1.2 billion funds in FY 2014-15 which has fuelled a strong growth momentum for the Bank.
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