YES BANK TO RAISE FUNDS THROUGH DEBT SECURITIES
NEW DELHI: Yes Bank plans to raise funds in Indian or foreign currency by issuing debt securities, it said on Monday.
A meeting of the board of directors of Yes Bank will be held on Thursday, June 10, 2021, to consider, approve and seek shareholders’ approval for borrowing/raising funds, the bank said in a regulatory filing without quantifying the amount. The bank said it will raise funds in “Indian/foreign currency by issue of debt securities including but not limited to non-convertible debentures, bonds, medium term note.” Yes Bank stock traded 5.75% up at ₹14.52 apiece on BSE.
The private sector lender reported a higher-than-expected loss of ₹3,787.75 crore for the quarter ended March 2021.