Yes Bank raises Rs 364cr from Rabobank

YES BANK, India’s new age private sector Bank, today announced that it has successfully raised INR 364 crore (USD 85 million) in a combination of Upper Tier II Subordinated Debt and Hybrid Tier I Capital from Rabobank, the worlds only AAA rated Bank.

The quantum of the Upper Tier II private placement issuance of unsecured, redeemable, non-convertible, subordinated bonds was INR 343 crore (USD 80 million) with a tenor of 15 years. Additionally, the Bank has also raised Hybrid Tier I Capital (Perpetual Capital) of INR 21 crore (USD 5 million).

On the successful completion of the offer, Mr. Rana Kapoor, Managing Director & CEO, YES BANK, said, “This is a successful demonstration of YES BANK’s ability to raise significant long term capital in currently adverse market conditions. The capital injection further reinforces the financial soundness and stability of YES Bank. We at YES BANK will periodically augment our capital base to fund our expansion plans.” 

Sourced From: Adfactors Public Relations Pvt Ltd