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Yes Bank has raised USD 400 million in syndicated loans, from lenders in Japan and Taiwan for on-lending to clients.
It has used green shoe option for raising USD 250 million in a 5 year commercial loan from 17 Taiwanese bank. Further from Japan, it raised USD 150 million from 8 lenders in a one-year loan in a maiden transaction.
As per Rana Kapoor, managing director and chief executive of Yes Bank, “Our maiden samurai transaction in Japan and strategic syndication’s in Taiwan demonstrate the Bank’s ability to tap varied resource pools at competitive prices.”
