Yes Bank raises USD 400 million through Syndicated Loan Facility

Yes Bank has successfully closed a competitively priced USD 400 million syndicated loan facility, borrowed out of the Bank's IFSC Banking Unit (IBU) in Gujarat International Finance Tec City (GIFT) and will be utilized to support the IBU's growing business.

The Bank had also recently raised USD 400 million through two Syndicated loan transactions in Taiwan and Japan, comprising of USD 250 million from Taiwanese banks and JPY 16.5 billion (~USD 150 million) from Japan in November, 2017 followed by a USD 300 million syndicated loan transaction completed in July 2018 which saw subscription from eight banks.

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