YES Bank becomes 1st to establish MTN Programme on Global Securities Market

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BSE’s India International Exchange has welcomed YES Bank Limited, to establish a Medium Term Notes Programme on its Global Securities Market, India’s first capital raising platform for international investors in any currency,located at the Gujarat International Finance Tec City IFSC.

Global Securities Market went live on December 08, 2017 after receiving approval from Securities and Exchange Board of India and publication of debt listing framework by India INX.

India INX’s derivative segment has done a cumulative trading turnover of more than USD 10 Billion till date, with daily trading value crossing USD 300 million recently.

YES BANK’s USD 1 bn MTN Programme marks a major milestone in India’s IFSC mission at the GIFT City and is also YES BANK’s 1st MTN Programme.

Rana Kapoor, MD&CEO, YES BANK said “YES BANK is pleased to become the 1st to establish a MTN Programme on the India INX at the GIFT City IFSC and build on our success as the 1st IBU to start operations in the GIFT City.”

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Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.
yash@newsbarons.com