Banking · Brand · Economy · Strategy

Yes Bank to issue bonds,plans to raise funds.

Private Lending company Yes bank signed a MOU with London stock exchange to work toghtether on an debt and equity issuances in the form of bonds.The company will list green bonds worth $500 m by December 2016 to raise funds.The initiative is the part of bank strategy to raise $1billion equity.Global Depository Receipts popularly known as (GDR) will be one of the known vehicle to raise funds.

“We will endeavour to improve the access to long term overseas funds for corporate in India, through capital markets in the UK particularly towards Green Infrastructure Financing, which is high on India’s agenda. We also look forward to working with the LSE in establishing London as the leading centre for rupee denominated offshore capital raising.” said Rana Kapoor, Managing Director & CEO of Yes Bank

Previously IFC listed a $3.15 billion bond through masala bonds on London Stock Exchange.

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