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Yes Bank proposes to raise USD 1 billion through selling shares, by way of qualified institutions placement, private placement or a combination thereof of equity shares or through an issuance of Global Depository Receipts (GDRs), American Depository Receipts (ADRs) and Foreign Currency Convertible Bonds (‘FCCBs’).
In a filing to the exchanges the bank stated that, the decision to this effect will be taken in annual general meeting of June 12. The bank also proposes to raise funds in Indian or foreign currency, by issue of debt securities including but not limited to non-convertible debentures, MTN (MediumTerm Notes), bonds including bonds forming part of Tier I/Tier II capital up to Rs.30,000 crore.
