It has also formalised the memorandum of understanding (MoU) signed with the London Stock Exchange (LSE) during Prime Minister Narendra Modi's visit to the UK in November to develop bond and equity issuance, with particular focus on the relatively untapped sector of green infrastructure finance.
The lender in a statement today said it "plans to list a green bond of up to USD 500 million on London Stock Exchange by December 2016. Yes Bank will also evaluate the possibility of raising further capital in London, potentially through the listing of Global Depository Receipts (GDR) as part of its overall USD 1 billion of equity capital raising plans, basis market conditions."
The MoU was signed by Yes Bank Managing Director and Chief Executive Officer Rana Kapoor and Nikhil Rathi, CEO of LSE Plc at the stock exchange's opening bell ringing ceremony here.
Yes Bank was the first issuer of the green infrastructure bonds in India, it said.
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As part of catalysing green infrastructure finance in India, allowing investors to facilitate funding for renewable and clean projects, it is also the first bank to commit fund for 5,000 MW of renewable energy, Yes Bank added.
"We also look forward to working with LSE in establishing London as the leading instrument for raising rupee denominated offshore capital via masala bonds", Kapoor said.
Masala bonds are Indian rupee denominated bonds issued in offshore capital markets.
The government has envisaged a target of 175 gigawatt of additional renewable energy capacity installation by 2022.
It is estimated that the renewable energy sector will require significant and structured financing in the country.