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Yes Bank raises USD 400 million through Syndicated Loan Facility

Capital Market 

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

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

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

First Published: Tue, September 11 2018. 09:17 IST
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