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YES Bank today said its capital-raising committee has given its approval for raising Rs 3,000 crore via Basel III compliant tier 2 bonds.
“The capital raising committee of the board of the bank...has approved the issue of rated, listed, non-convertible, redeemable, unsecured, Basel III compliant tier 2 bonds, in the nature of debentures, of Rs 10,00,000 each aggregating Rs 3,000 crore,” YES Bank said in a BSE filing.
In June last year, the private sector lenders had received its shareholders’ nod to raise up to Rs 20,000 crore in debt instruments through various routes in one or more tranches. YES Bank scrip was trading flat at Rs 309.30 on the BSE.
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