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Yes Bank Confident Of Meeting AT-1 Bond Payments
Yes Bank says the bank remains well capitalised.
12 Dec 2019, 09:35 AM IST
Yes Bank Ltd., which is still to conclude its planned $2 billion fund raise, is confident of meeting coupon payments coming due on its additional tier-1 bonds.The private lender, according to Bloomberg data, has two coupon payments coming due—a Rs 285 crore payment on Dec. 23 and a smaller Rs 30 crore payment on Dec. 31. The bank had raised a total of Rs 3,280 crore through these AT-1 bonds in two separate issues in December 2013 and...
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