Yes Bank had established a Medium Term Note Programme to raise $1 billion by issuing debt securities on private placement basis. Photo: MintNew Delhi: Private sector lender Yes Bank on Friday said it will raise $600 million (approx Rs3,830 crore) through issuance of fixed term notes under its $1 billion Medium Term Note (MTN) programme. “The Capital Raising Committee of the board approved the issuance and allotment of fixed term notes for an aggregate principal amount of $600 million under the $1 billion Medium Term Note Programme of the bank,” Yes Bank said in a BSE filing. In December last year, Yes Bank had established a Medium Term Note Programme to raise $1 billion (over Rs6,400 crore) by issuing debt securities on private placement basis. Shares of Yes Bank were trading 1.70% lower at Rs353.05 on BSE.

Source: Mint February 02, 2018 09:33 UTC