Yes Bank raises Rs 364 crore from Rabobank
Private sector lender Yes Bank has informed that it has successfully raised Rs 364 crore from Rabobank, through a combination of upper tier-II sub-ordinated debt and hybrid tier-I capital.
The quantum of the Upper Tier II private placement issuance of unsecured, redeemable, non-convertible, subordinated bonds was INR 343 crore (USD 80 million) with a tenor of 15 years.
Additionally, the Bank has also raised Hybrid Tier I Capital (Perpetual Capital) of Rs 21 crore.
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