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YES BANK places INR 3000 Crore of Basel III Compliant AT1 Bonds

Mumbai, December 26, 2016: 

YES BANK, India’s 5th largest private sector Bank has announced that it has placed INR 3000 Crores of Basel III Compliant Additional Tier-1 (AT1) Bonds through private placement against the base issue size of INR 2100 Crores. The bonds will be listed on the BSE and its proceeds will qualify for Basel III Tier-I Capital. The bonds carry a coupon rate of 9.50% p.a. The Bonds have been rated as CARE AA (Stable Outlook) by CARE Ratings and IND AA (Stable Outlook) by India Ratings & Research (A Fitch Group Company).

With this capital raising, YES BANK’s Tier-I Capital Ratio will be at 12% (Basel-III, as on 30-Sept-2016 including profits and adjusted for pro-rata dividends). The bond issue witnessed participation from Insurance Companies, Mutual Funds, Pension Funds, Provident Funds, Banks amongst others.

Speaking on the issuance, Mr. Rana Kapoor, MD&CEO, YES BANK, said ”We are pleased to announce the closure of the INR 3000 Crore Basel III Compliant AT1 Bonds issue which will boost our Tier-I Capital Adequacy ratio. The successful placement of the issue reiterates the faith of marquee investors in YES BANK’s robust business and financial model. “¿


YES BANK, India’s fourth largest private sector bank is a high quality, customer centric and service driven Bank. Since inception in 2004, YES BANK has grown into a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to corporate, MSME & retail customers. 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 9 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

For media queries, please contact:

Jitesh Patel

Delna Irani

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