Yes Bank raises Rs 154-crore through bond issue
Private sector lender, Yes Bank on Tuesday said that it has raised Rs 154-crore of perpetual Tier-I capital through private placement of bonds.
By PTI |
MUMBAI: Private sector lender, Yes Bank on Tuesday said that it has raised Rs 154-crore of perpetual Tier-I capital through private placement of bonds.
The capital was raised through the private placement issue of unsecured, non-convertible, subordinated bonds in the nature of promissory notes, the bank said in a press release here.
The issue has received LA+ rating by ICRA and A+ by CARE and is the first Tier-I Perpetual Bond transaction in FY 09 by any Indian private sector bank in the domestic market, it said.
The lender has raised Rs 700-crore in FY 09 in a combination of hybrid Tier-I and Upper Tier-II capital, the bank said.
Yes Bank has a capital adequacy ratio of 14.57 per cent as on December, 2008.
The capital was raised through the private placement issue of unsecured, non-convertible, subordinated bonds in the nature of promissory notes, the bank said in a press release here.
The issue has received LA+ rating by ICRA and A+ by CARE and is the first Tier-I Perpetual Bond transaction in FY 09 by any Indian private sector bank in the domestic market, it said.
The lender has raised Rs 700-crore in FY 09 in a combination of hybrid Tier-I and Upper Tier-II capital, the bank said.
Yes Bank has a capital adequacy ratio of 14.57 per cent as on December, 2008.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
