Yes Bank sets up $1 bn debt programme

Yes Bank sets up $1 bn debt programme

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Yes Bank Ltd said that its board approved the setting up of a $1 bn medium-term note (MTN) programme.

The Medium Term Note (MTN) programme, is within the overall borrowing limit of Rs. 20,000 crore, the bank said.

“The Capital Raising Committee of the board at its meeting held on November 29, 2017 has considered and approved bank’s proposal to set up the MTN programme for an amount of USD 1 billion to eligible investors, from time to time, in one or more tranches,” the bank added.