Yes Bank gets committee nod for raising Rs 30 billion via Basel-III bonds


New Delhi, Feb 21: Private sector lender Yes Bank today said its capital-raising committee has approved issue of Rs 30 billion 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 1 million each aggregating to Rs 30 billion,” Yes Bank said in a BSE filing.