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Yes Bank has raised Rs 545 crore through issuing Basel-III complaint tier-II bonds.
Yes Bank has said in a BSE filing that “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.”
It has said further that “The issue was rated “ICRA AA+ hyb” by ICRA and “CARE AA+” by CARE. The Bonds will be listed on the BSE Limited.”
