The Hindu Business Line : YES Bank raises Rs 364 cr

Yes Bank has raised Rs 364 cr ($85 million) in a combination of upper tier II subordinated debt and hybrid tier I capital from Rabobank. The quantum of the upper tier II private placement issuance of unsecured, redeemable, non-convertible, subordinated bonds is Rs 343 cr ($80 million) with a tenor of 15 years and the remaining Rs 21 crore ($5 million) comprised the hybrid tier I capital (Perpetual Capital), the bank said in a release. Mr Rana Kapoor, Managing Director and CEO of YES Bank, said the bank would periodically augment its capital base to fund expansion plans. - Our Bureau

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