A HC ruling raises hopes of recovery for LVB bondholdersThe tier-2 bonds have a loss absorbency feature, which means that if a bank fails, its tier-2 bondholders will absorb any losses ahead of i...
29 Apr, 2024, 06.05 AM IST
AT1 investors point to YES Bank governance issuesHowever, the bonds were written down on March 14 prior to the injection of funds by SBI which also happened on March 14 – a decision which ...
29 Mar, 2023, 10.15 AM IST
Why Supreme Court ruling on Yes Bank AT1 bonds case mattersWhichever way the court now rules - whether it asks Yes to partly repay the bondholders, or convert the bonds into shares, or upholds the w...
06 Mar, 2023, 12.14 AM IST
SC extends stay on HC order quashing Yes Bank's AT-1 bonds write-offHowever, the apex court sought response from finance ministry, Reserve Bank of India, Sebi, stock exchanges and others on two separate but ...
04 Mar, 2023, 07.28 AM IST
Axis trustees, bondholders move SC over Yes Bank writedownOn March 5, 2020, Yes Bank was put under a moratorium by the RBI and later a reconstruction scheme was put in place with State Bank of Indi...
11 Feb, 2023, 09.00 AM IST
Yes Bank's AT-1 bondholders may get equity against bondsSpeaking to the media on Saturday, chief executive Prashant Kumar said the bank would challenge the high court’s order issued on Friday. Du...
25 Jan, 2023, 09.45 AM IST
Yes Bank is not required to pay unpaid interest on AT-1 bonds: CEO Prashant KumarIn December 2016, the bank raised Rs 3000 crore AT-1 bonds offering a coupon of 9.5% and later, in October 2017 it raised Rs 5415 crore thr...
23 Jan, 2023, 11.13 PM IST
Bombay HC quashes write-off of Yes Bank's AT1 bonds: ReportThese bonds were written off by the Reserve Bank of India (RBI) and a Yes Bank administrator on March 13, 2020, as part of a restructuring ...
20 Jan, 2023, 05.48 PM IST
AT1 bond crisis: YES Bank bondholders warm up for a court battleThree institutional bond investors ET spoke to said that not all series of AT1 bonds were being treated uniformly, and the communication to...
16 Mar, 2020, 11.04 AM IST
Seven investors join SBI to put over Rs 12,000 cr into Yes Bank; Prashant Kumar proposed as new CEOICICI, HDFC Bank, Axis, Kotak, Jhunjhunwala, Damani & Azim Premji Trust may pick up stake in private lender.
13 Mar, 2020, 08.11 AM IST
SBI taps local investors for YES Bank revival planLender aims to bring in Rs 20,000 crore equity and bulk deposits, CDs of Rs 30,000 crore, moots bond conversion.
12 Mar, 2020, 08.33 AM IST
Yes Bank rescue: ICICI Bank, HDFC, Kotak could play big roles in SBI's planThe move, SBI feels, would prevent a flight of funds and lead to an upgrade in credit rating.
12 Mar, 2020, 07.51 AM IST
Deal with bondholders 'in process': YES Bank administrator"We are in the process," Prashant Kumar, the administrator, told Reuters.
11 Mar, 2020, 05.13 PM IST
Bond Street offers new plan for YES Bank, keen to settleThe bondholders have proposed conversion of Rs 8,500 cr AT1 bonds into Rs 1,700-cr equity.
11 Mar, 2020, 03.31 PM IST
Axis Trustee Services moves Bombay HC against YES Bank AT1 bond writedownNippon India MF is the largest investor in Yes Bank AT1 bonds -- holding Rs 2,400 crore.
10 Mar, 2020, 10.48 AM IST
Yes Bank bondholders reach out to RBI, Sebi on write-downMove will hurt financial markets and is against the principles of natural justice, say investors
09 Mar, 2020, 10.43 AM IST
Why YES Bank bondholders don’t have a case against write-downThere are at least Rs 8,415 crore of bonds which are owned by mutual funds and pension funds.
09 Mar, 2020, 08.57 AM IST