Yes Bank raises Rs 364 crore from Rabobank

Private sector lender Yes Bank has informed that it has successfully raised Rs Yes Bank raises Rs 364 crore from Rabobank364 crore from Rabobank, through a combination of upper tier-II sub-ordinated debt and hybrid tier-I capital.       

The quantum of the Upper Tier II private placement issuance of unsecured, redeemable, non-convertible, subordinated bonds was INR 343 crore (USD 80 million) with a tenor of 15 years.

Additionally, the Bank has also raised Hybrid Tier I Capital (Perpetual Capital) of Rs 21 crore.