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YES BANKLtd. plans to raise 3.3 billion Indian rupees via an issuance ofseven-year green infrastructure bonds to Dutch development bank , or FMO.
FMO will invest in YES BANK's bonds through its ownsustainable bonds, according to a Sept. 27 release.
Proceeds from the issuance will be used to finance greeninfrastructure, including solar and wind projects.
As of Sept. 26, US$1was equivalent to 66.59 Indian rupees.