Yes Bank lists country’s first $600m MTN bond on IndiaINX

Private sector lender, Yes Bank has announced the listing of the Bank’s debut US $600 million bond issue under its maiden US $1 billion medium-term note (MTN) bond on country’s first international exchange BSE’s IndiaINX at the International Financial Services Centre (IFSC) at GIFT City in Gandhinagar.

The Yes Bank’s MTN programme— a debt note that matures or has a payback period of 5 years on Global Securities Market (GSM) became the country’s first capital raising platform for international investors in any currency.
Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-
  • Yes Bank MD and CEO- Rana Kapoor
  • Headoffice of Yes Bank- Mumbai
  • YES BANK is India’s fifth largest private sector Bank.
Source- The Hindu Business Line