YES Bank raises Rs 545 crore via Basel-III compliant bonds

Private sector lender YES Bank said on Monday it has raised Rs 545 crore by issuing Basel-III compliant tier-II bonds.

The Bank has successfully raised Rs 545 crore from Basel III compliant Tier II bonds on private placement basis. The issue was closed on March 31, 2016, YES Bank said in a regulatory filing. It further said: The issue was rated ICRA AA+ hyb by ICRA and CARE AA+ by CARE. The Bonds will be listed on the BSE Limited.