Yes Bank to raise fund via bonds in Indian/foreign currency
Yes Bank will raise funds in "Indian/foreign currency by issue of debt securities including but not limited to non-convertible debentures, bonds, medium-term note"
The private sector lender said its corporate recoveries /resolutions during the quarter at Rs 1,643 crore outpaced the slippages of Rs 1,258 crore.
New Delhi: Yes Bank plans to raise funds in Indian or foreign currency by issuing debt securities, it said on Monday.
A meeting of the board of directors of Yes Bank will be held on Thursday, June 10, 2021, to consider, approve and seek shareholders’ approval for borrowing/raising funds, the bank said in a regulatory filing without quantifying the amount.
The bank said it will raise funds in “Indian/foreign currency by issue of debt securities including but not limited to non-convertible debentures, bonds, medium term note.”
Yes Bank stock traded 5.75% up at Rs 14.52 apiece on BSE.
Published: June 7, 2021, 14:29 IST