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Yes Bank lists $600 mn bond on India INX

IANS  |  Mumbai 

on Wednesday announced the listing of its debut $600 million issue on the (India INX).

According to the company, the issue comes under its maiden $1 billion medium term note (MTN) programme on the global securities market.

"The MTN bonds issuance received an overwhelming response from international investors and saw a final order book, at a spread of 130 basis points, being oversubscribed," the said in a regulatory filing to the

In terms of investor type, "the split was 46 per cent to asset managers, 38 per cent to banks, 11 per cent to companies and 5 per cent to private banks".

The said that it will use the proceeds to fund the banks's IFSC (International Financial Services Centre) (IBU) in Gift City.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 14 2018. 19:28 IST
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