Yes Bank to raise up to Rs 2500cr via private placement of debentures

yesbankYes Bank said it will raise up to Rs 2500 crore by way of debentures.

This will comprise Rs 1,000 crore of unsecured redeemable long-term bonds and a green shoe option for an additional Rs 1,500 crores.

The bonds will be sold via private placement.

The bank had earlier got shareholder approval to raise up to Rs 10,000 crore via debt securities.

Yes bank, India’s fifth largest private sector Bank with a pan India presence across all 29 states and 7 Union Territories of India.

It was founded by Rana Kapoor in 2004.