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YES BANK to raise 10B rupees in debt issue


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YES BANK to raise 10B rupees in debt issue

YES BANKLtd. proposed to raise 10 billion Indian rupees through an issuanceof senior unsecured, long-term debentures on a private placement basis.

The bank said the issuance will have a green-shoe option ofup to 15 billion rupees.

As of Sept. 28, US$1was equivalent to 66.49 Indian rupees.