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Yes Bank raises Rs200 crore with bonds

Yes Bank raises Rs200 crore with bonds
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First Published: Tue, Sep 09 2008. 04 37 PM IST
Updated: Tue, Sep 09 2008. 04 37 PM IST
Mumbai: Yes Bank on 8 September announced that it has successfully raised Rs200 crore of Upper Tier-II subordinated debt through private placement issue of unsecured, redeemable, non-convertible, subordinated 15-year bonds.
The issue was fully subscribed.
Earlier, the bank had raised Rs364 crore in a combination of Upper Tier II Subordinated Debt and Hybrid Tier I Capital from Rabobank, a AAA-rated global ank.
The Upper Tier II private placement issuance of Rs343 crore was for a tenure of 15 years while the Bank also raised Hybrid Tier I Capital (Perpetual Capital) of Rs21 crore.
With these two placements, Yes Bank has raised over Rs564 crores and has capital adequacy ratio in excess of 15% at present.
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First Published: Tue, Sep 09 2008. 04 37 PM IST
More Topics: Yes Bank | capital | Bonds | Debts | Money Matters |