YES Bank Ltd announces issue of BASEL III compliant Additional Tier I Bonds

The Capital Raising Committee of the Board of YES Bank Ltd on October 16, 2017, has approved the issue of Perpetual Subordinated Unsecured Non Convertible BASEL III compliant Additional Tier I Bonds in the nature of Debentures of Rs. 10,00,000 each aggregating to Rs. 3,000 Crore (Rupees Three Thousand Crore only), with a Green shoe option to retain oversubscription to the extent of an additional Rs. 3,000 Crore (Rupees Three Thousand Crore).

Shares of YES BANK LTD. was last trading in BSE at Rs.373.3 as compared to the previous close of Rs. 367.5. The total number of shares traded during the day was 312103 in over 4169 trades.

The stock hit an intraday high of Rs. 375.75 and intraday low of 368. The net turnover during the day was Rs. 116550525.

Source : Equity Bulls

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