Close

Press Release

YES BANK successfully closes USD 255 million Dual Currency, Multi-tenor Syndicated Foreign Currency Loan Facility

Mumbai, India: September 18 , 2013:YES BANK, India's fourth largest private sector Bank, has successfully closed equivalent to USD 255 million (USD 180 million and EUR 58 million) by way of Dual Currency, Multi-tenor Syndicated Foreign CurrencyLoan Facility. The said Facility shall be utilized for general corporate purposes and trade finance for our valued clients.

The Facility has a maturity of 1 and 2 years with majority commitments coming in the 2 year tenure bucket. The loan has been widely distributed with commitments from 11 banks representing 8 countries across US, Europe, Middle East, Asia & Australia.

On the successful completion of the transaction, Mr. Rana Kapoor, Managing Director & CEO said, "This significant commitment from global banks reinforces our proven financial and business model, and further reinforces faith and trust in YES Bank, despite the challenging global and Indian macro environment."

The recent RBI guidelines on offering swap facility to banks, for their FCY borrowings, at 100 bps below the market rate, will further make the landed Rupee cost of these funds competitive vis-a-vis Rupee funds of equivalent maturity.

The Mandated Lead Arrangers and Book-runners on the transaction are ANZ Banking Group Limited, Citigroup Global Markets Asia Limited, Commerzbank Aktiengesellschaft , Doha Bank Q.S.C., Emirates NBD Capital Ltd, The Hongkong and Shanghai Banking Corporation Limited, Landesbank Baden-Wurttemberg-Singapore Branch, Standard Chartered Bank, State Bank of India, and Wells Fargo Bank, National Association.

 

About YES BANK

YES BANK, India's fourth largest private sector Bank, is the outcome of the professional & entrepreneurial commitment of its Founder Rana Kapoor and his top management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the Future Businesses of India. YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers. YES BANK has a knowledge driven approach to banking, and a superior customer experience for its retail, corporate and emerging corporate banking clients. YES BANK is steadily evolving as the Professionals' Bank of India with the vision of "Building the Best Quality Bank of the World in India" by 2015.

For media queries, please contact:

George Koshy
YES BANK
Ph.: +91 9819808042
Email: george.koshy@yesbank.in

Anil Mathew
Perfect Relations
Ph.: +91 9820480317
Email: amathew@perfectrelations.com

download app
Android App for YES BANK
App Store for YES BANK
yes pay wallet

Digital Wallet with free Virtual card and UPI which can be used to send/receive money, mobile/DTH recharge, pay bills and much more

Read More