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Yes Bank’s, capital raising committee has given approval to issue of Rs.3,000 crore Basel III compliant tier 2 bonds.
In a BSE filing the bank stated, “The capital raising committee of the board of the bank has approved the issue of rated, listed, non-convertible, redeemable, unsecured, Basel III compliant tier 2 bonds, in the nature of debentures, of Rs.10,00,000 each aggregating to Rs.3,000 crore.”
Furthermore, last year in June, the bank had received shareholder’s approval to raise up to Rs.20,000 crore in debt instruments via different routes in one or more tranches.
