Yes Bank sets up $1 bn debt programme

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.

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.