The Hindu Business Line : YES Bank raises Rs 200 cr debt

YES Bank has raised Rs 200 crore of upper tier-II subordinated debt through private placement, a press release issued by the company said. The private placement issue consisted of unsecured, redeemable, non-convertible, subordinated bonds with a maturity of 15 years. With this placement, the bank has raised over Rs 564 crore, taking its capital adequacy ratio to 15 per cent. The bank had earlier raised Rs 364 crore of upper tier-II subordinated debt and hybrid tier-I capital from Rabobank, a Netherlands-based bank. "The private placement of bonds has been made to augment the tier-II capital base for further strengthening capital adequacy and enhancing the long-term resources of the bank," said Mr Surendra Jalan, EVP & Country Head, Indian Financial Institutions. - Our Bureau

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