Yes Bank plans to is­sue bonds worth Rs3,042 crore

The Gulf Today - Business - - REGION -

MUMBAI: Lend­ing ma­jor Yes Bank plans to is­sue bonds worth Rs3,042 crore. Ac­cord­ing to a BSE fil­ing by the com­pany, the de­ci­sion was taken by Yes Bank Board’s Cap­i­tal Raising Com­mit­tee on Fri­day.

The cap­i­tal raising com­mit­tee of the board of the bank Fri­day ap­proved is­su­ing 30,420 rated listed non-con­vert­ible re­deemable un­se­cured Basel-iii com­pli­ant tier II bonds of Rs10 lakh each ag­gre­gat­ing to Rs 3,042 crore, Yes Bank said in a reg­u­la­tory fil­ing.

The bonds have been rated AAA and AA+ with sta­ble out­look by Care Rat­ings and Ind-ra, which means they carry the high­est de­gree of safety on timely ser­vic­ing of fi­nan­cial obli­ga­tions.

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