YES Bank raises $400 mn loans from Japan, Taiwan

YES Bank exercised a greenshoe option to raise $250 million in a five-year commercial loan from 17 Taiwanese banks

Private sector lender YES Bank has raised $400 million in syndicated loans from lenders in Taiwan and Japan for on-lending to clients.

It exercised a greenshoe option to raise $250 million in a five-year commercial loan from 17 Taiwanese banks, a statement said. In Japan, it raised JPY 16.5 billion or $150 million from eight lenders in a one-year loan in a maiden transaction.

This borrowing will be used for on-lending through its international branch at GIFT City, Ahmedabad. Its overall foreign asset book had stood at $1.4 billion as of September.

"Our maiden samurai transaction in Japan and strategic