Private sector lender YES Bank today said it has raised Rs 545 crore by issuing Basel-III complaint Tier-II bonds.
“The bank has successfully raised Rs 545 crore from Basel-III compliant Tier-II bonds on private placement basis. The issue was closed on March 31, 2016,” YES Bank said in a regulatory filing.
It further said: “The issue was rated “ICRA AA+ hyb” by ICRA and “CARE AA+” by CARE. The bonds will be listed on the BSE Ltd.”
YES Bank shares were trading up by 1.18 per cent at Rs 865.80 apiece on the BSE.