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YES BANK to issue Basel III AT1 debentures

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YES BANK to issue Basel III AT1 debentures

YES BANK Ltd. plans to issue Basel III-compliant Additional Tier 1 bonds in the nature of debentures totaling 30 billion Indian rupees, with a green shoe option to retain oversubscription of 30 billion rupees.

The capital raising committee of the bank's board approved the issuance.

As of Oct. 16, US$1 was equivalent to 64.72 Indian rupees.