Yes Bank Plans ₹25 Billion debt raise
In a recent development, Yes Bank, one of India’s leading private lenders, has unveiled its plans to raise a substantial sum of ₹25 billion (equivalent to approximately $305 million) through the issuance of debt securities. This move comes as the bank aims to further bolster its financial strength and fuel its growth prospects, according to a report by Reuters.
Sources indicate that Yes Bank has the flexibility to raise funds in either Indian or foreign currency. Furthermore, the bank has a wide array of instruments at its disposal, including non-convertible debentures, bonds, and medium-term notes, to facilitate the debt raising process.
About Yes Bank:
Yes Bank, a financial institution based in Mumbai, India, was established in 2004 by Rana Kapoor and Ashok Kapoor.
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