New Issue: India’s Yes Bank sells Rs. 54.15 billion perpetual subordinated bonds

By Sarah Lizee

Olympia, Wash., Oct. 18 – Yes Bank Ltd. notified the Bombay Stock Exchange that it placed Rs. 54.15 billion of 9% perpetual subordinated unsecured Basel 3 compliant additional tier 1 bonds on Wednesday.

The issue amount includes a Rs. 30 billion greenshoe.

Yes Bank is a private sector bank with headquarters in Mumbai.

Issuer:	Yes Bank Ltd.
Issue:	Subordinated unsecured Basel 3 compliant additional tier 1 bonds
Amount:	Rs. 54.15 billion, including Rs. 30 billion greenshoe
Tenor:	Perpetual
Coupon:	9%, payable annually
Allotment date:	Oct. 18

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