By Susanna Moon
Chicago, Sept. 17 – Yes Bank Ltd. notified the Bombay Stock Exchange that it allotted Rs. 30.42 billion of 9.1164% Basel 3 compliant tier 2 bonds due in 2028.
The company sold 30,420 of the debentures at Rs. 1 million each by way of private placement, according to the notice.
The company said on Sept. 10 that it obtained approval from its board of directors and shareholders to raise up to Rs. 300 billion of Basel 3 compliant tier debt in one or more tranches.
Yes Bank is a private sector bank with headquarters in Mumbai.
| Issuer: | Yes Bank Ltd.
|
| Issue: | Redeemable unsecured Basel 3 compliant tier 2 bonds
|
| Amount: | Rs. 30.42 billion
|
| Maturity: | Sept. 15, 2028
|
| Coupon: | 9.1164%
|
| Allotment date: | Sept. 17
|
| Listing: | Bombay Stock Exchange
|
| Ratings: | Care: AAA
|
| India: AA+
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
