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YES BANK issues 30B rupees of AT1 bonds

YES BANK Ltd. said it issued 30 billion rupees of Basel III-compliant Additional Tier 1 bonds through a private placement.

The bonds, which had a base issue size of 21 billion rupees, have a 9.50% coupon rate.

As of Dec. 23, US$1 was equivalent to 67.86 Indian rupees.