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YES BANK raises 21.35B rupees via infrastructure bond issue

India-based YES BANK Ltd. raised 21.35 billion Indian rupees throughan issuance of senior long-term infrastructure bonds on a private placementbasis.

The issue garnered 21.35 billion rupees against a base sizeof 10 billion rupees, with 11.35 billion rupees raised through the green-shoeoption, the bank said Oct. 4. The issue closed Sept. 30.

The 10-year bonds have a coupon rate of 8% per annum.

 As of Oct. 4, US$1 was equivalent to 66.48Indian rupees.