Moody’s has assigned a Baa3 rating to Yes Bank’s proposed senior unsecured notes, issued under its $1 billion MTN programme. Photo: Abhijit Bhatlekar/MintMumbai: Mid-scale private sector lender Yes Bank is in the global debt market with a $300 million bond issue, as part of its $1 billion global medium-term note (MTN) programme. According to an investment banker working on the issue, the drawdown will be from Yes Bank’s IFSC banking unit at the Gujarat International Finance Tec-City (Gift City), and will be listed on the London Stock Exchange International Securities Market, Singapore Exchange Securities Trading, and the India International Exchange IFSC. “We’ve assigned a Baa3 rating to Yes Bank’s proposed senior unsecured notes, issued under its USD 1-billion MTN programme,” Moody’s said in a note on Monday. The agency has also given a stable rating outlook to the issue which will be closed on Monday night.

Source: Mint January 22, 2018 15:00 UTC