By Tali Rackner
Minneapolis, Feb. 22 – Yes Bank Ltd. priced Rs. 30 billion of 8.73% 10-year nonconvertible redeemable unsecured Basel III compliant tier 2 bonds, according to a notice.
The rated and listed debentures were sold at a price of Rs. 1 million each.
The issue opened, closed and settled on Feb. 22.
The debt will be listed on the BSE Ltd. and are rated IND AA+ (outlook stable) by India Ratings and Research Pvt. Ltd. and ICRA AA+ (hyb) (outlook positive) by ICRA Ltd.
Yes Bank is a private sector bank with headquarters in Mumbai.
| Issuer: | Yes Bank Ltd.
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| Issue: | Rated, listed nonconvertible redeemable unsecured Basel III compliant tier 2 bonds
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| Amount: | Rs. 30 billion
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| Maturity: | Feb. 22, 2028
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| Coupon: | 8.73%
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| Allotment date: | Feb. 22
|
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