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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.



(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