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Yes Bank Approves Plan to Raise $1 bn
December 04, 2017
Private Sector Yes Bank’s board has approved the plan to establish Medium Term Note (MTN) programme to raise $1 billion (roughly Rs. 6,500 crores) on the basis of a private placement.
MTN programme is a debt instrument used to raise funds via debt securities that have maturity periods anywhere between 5 to 10 years. For Yes Bank, it falls within the maximum borrowing limit of Rs. 20,000 crores.
The bank has been given permission to raise the money in the domestic as well as any foreign currency.
