Yes Bank raises Rs 200 cr debt

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New Delhi, Sep 9 (UNI) Yes Bank today said it has raised Rs 200 crore of upper tier II subordinated debt through private placement issue of unsecured, redeemable, non-convertible, subordinated bonds with a maturity of 15 years.

Earlier, the Bank had raised Rs 364 crore in a combination of Upper Tier II Subordinated Debt and Hybrid Tier I Capital from Rabobank, one of the worlds AAA rated Bank.

The Upper Tier II private placement issuance of Rs 343 crore was for a tenure of 15 years. It had also raised Hybrid Tier I Capital (Perpetual Capital) of Rs 21 crore.

With these two recent placements, Yes Bank has raised over Rs 564 crore of long term Upper Tier II and Hybrid Tier I capital and has capital adequacy ratio in excess of 15 per cent at present.


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