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YES BANK to raise up to 200B rupees via bonds

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YES BANK to raise up to 200B rupees via bonds

YES BANK Ltd. plans to raise up to 200 billion Indian rupees by issuing debt securities in one or more tranches.

The bank said in an Oct. 9 release that it will issue perpetual, nonconvertible, subordinated Basel III-compliant Additional Tier 1 bonds on or after Oct. 12.

As of Oct. 9, US$1 was equivalent to 65.44 Indian rupees.