By Angela McDaniels
Tacoma, Wash., Oct. 4 – Yes Bank Ltd. raised Rs. 21.35 billion in a private placement of 8% 10-year infrastructure bonds on Friday, according to a bank news release.
The issue amount includes an Rs. 11.35 billion greenshoe.
The bonds (ICRA: AA+; CARE: AA+) will be listed on the Bombay Stock Exchange.
The proceeds will be used to finance long-term infrastructure projects.
Yes Bank is a private sector bank with headquarters in Mumbai.
| Issuer: | Yes Bank Ltd.
|
| Issue: | Senior long-term infrastructure bonds
|
| Amount: | Rs. 21.35 billion
|
| Maturity: | Sept. 30, 2026
|
| Coupon: | 8%, payable annually
|
| Settlement date: | Sept. 30
|
| Ratings: | ICRA: AA+
|
| CARE: AA+
|
| Distribution: | Private placement
|
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