You are here: Home » PTI Stories » National » News
Business Standard

Yes Bank makes India INX debut with USD 600 mn MTN bond

Press Trust of India  |  New Delhi 

today said it has listed USD 600 million issued under its maiden USD 1 billion MTN programme, on Global Securities Market (GSM) of

is the country's first international exchange, located at International Financial Services Centre, in

The MTN (medium term note) bonds issuance received an overwhelming response from international investors and saw a final order book, at a spread of 130 basis points, being oversubscribed by over 1.83 times from over 90 accounts, said in a statement.

The is also listed on London Stock Exchange International Securities Market (LSE ISM) and (SGX), it said.

The listing ceremony was presided over by Chief Minister who also inaugurated the bank's new IFSC office in the in the presence of J N Singh, of and Sudhir Mankad,

"The will use the proceeds to fund the bank's (IBU) in Gift City and expand IBU's rapidly growing business opportunities," CEO said.

IFSC received a major boost in the Union Budget with the proposed unified regulator and enabling tax benefits, he said.

Welcoming the first international issuance of the bank, CEO V Bala said: "We are clearly observing an uptick in the interest that IFSC in India is gathering for its product basket from foreign players.

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

First Published: Wed, February 14 2018. 18:45 IST