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Press Release

YES BANK Completes Placement of Basel III Tier II Bonds

Successfully Raises INR 554.2 Crore from Leading Investors

Mumbai, July 8, 2015: YES BANK, India’s 5th largest private sector Bank, has successfully raised INR 554.2 crore of Basel III compliant Tier II bonds. The issue was rated ICRA AA+ hyb by ICRA and CARE AA+ by CARE. The issue closed on June 29, 2015 and witnessed strong demand from leading investors including several Insurance companies and Pension & Provident Funds, resulting in a total subscription of INR 554.2 crore. The said bonds are listed on the Bombay Stock Exchange (BSE) and were raised at a coupon rate of 9.15%, with a tenor of 10 years.

On the successful completion of capital issuance, Mr. Rana Kapoor, Managing Director & CEO, YES BANK said, “The strong demand for our Basel III compliant Tier II bonds by multiple esteemed Indian Institutions exemplifies the trust placed in us by the diverse set of stakeholders and their conviction in our financial and business expertise. Such bond issuances are a credible reflection of the appetite among leading domestic investors for YES BANK’s long term capital. This capital raising initiative is another step towards augmenting the Bank’s capital base and enabling us to capture growth opportunities posted by improving public policies and the evolving macroeconomic environment.”

With this capital raising initiative, YES BANK’s total capital funds base has crossed INR 16,700 crore. The Bond issue comes on the back of India’s first ever Green Infrastructure Bonds for INR 1,000 crore raised by the Bank in February 2015. The Bank has also raised a record amount of USD 1.2 Billion Funds in FY 2014-15 which has fuelled a strong growth momentum for the Bank.


YES BANK is a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to Retail, MSME as well as corporate clients.

YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 28 states and 8 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.

For more information, please visit the Bank’s website at  


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