Press Release

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 with a pan India presence across all 29 states and 7 Union Territories of India, headquartered in the Lower Parel Innovation District (LPID) of Mumbai, is the outcome of the professional & entrepreneurial commitment of its Founder Rana Kapoor and its 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 offers 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 long term mission of “BUILDING THE FINEST QUALITY LARGE BANK OF THE WORLD IN INDIA”.

For media queries, please contact:

Jitesh Patel
Ph.: +91 22 3347 9753, +91 9820813570

Delna Irani
Ph.: +91 9820660467

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