Yes Bank raises Rs 364-crore from Rabobank

Yes Bank, raised Rs 364 crore ($85 million) in a combination of Upper Tier II Subordinated Debt and Hybrid Tier I Capital from Rabobank.
 
The quantum of the Upper Tier II private placement issuance of unsecured, redeemable, non-convertible, subordinated bonds was Rs 343 crore with a tenor of 15 years. Additionally, the Bank has also raised Hybrid Tier I Capital (Perpetual Capital) of Rs 21 crore ($5 million).
 
Rana Kapoor, managing director & CEO, Yes Bank, said, "This is a successful demonstration of Yes Bank's ability to raise significant long term capital in currently adverse market conditions. The capital injection further reinforces the financial soundness and stability of the bank. We will periodically augment our capital base to fund our expansion plans."