Yes Bank to raise USD 600 million through fixed term notes

Yes Bank, India's fifth  largest private sector bank, on Friday said that it will raise 600 million dollar, equivalent to Rs. 3,830 crore, approx,  via issuance of fixed term notes under its USD 1 billion MTN (Medium Term Note) programme.

Earlier in In December 2017, Yes Bank had established an MTM Programme to raise over Rs 6,400 crore, by issuing debt securities on Private Placement (PP) basis.

As per the approval from its BoD and shareholders, Yes Bank has permission to raise funds up to Rs. 20,000 crore in one or more tranches on PP basis from time to time.

Shares of Yes Bank ended by 2.55% lower at Rs. 350.00 on BSE, while on NSE it settled by 3.58% lower at Rs. 347 on Friday’s closing.