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.