RSS Feeds Forgot Password | Register
Banking And Finance | April 04, 2012
#17850

YES Bank considers $400 mn capital raising plan

YES Bank plans will consider raising equity capital of about $400 million through issue of global depository receipts and qualified institutional placement.   
 
 The bank plans to take up the matter for discussion in its next board meeting scheduled in April. Recently, it raised Rs 380 crore in debt from International Finance Corp (IFC).The 15-year issue was raised at a coupon of 482 basis point over Libor. A basis point is 0.01 percentage. 
 
 The bank plans to raise funds from European markets as investors' risk appetite returns after the European crisis appears to have eased. In the last quarter, the bank raised Rs 830 crore through debt issuances. The bank's capital adequacy will be over 16 percent following this issue, said Rana Kapoor, managing director and chief executive officer, Yes Bank.
 
 Volatile global and domestic markets had affected capital raising plans of many financial institutions in 2011. Stock markets have lost more than a tenth of their value in the financial year ended March 2012. The Bombay Stock Exchange's Sensex declined around 11 percent, in contrast to a gain of 10.9 percent in the previous year. The Nifty lost 9.23 percent, against a rise of 11.14 percent a year earlier.
 
 

Advertise Here [670 W x 90 H pixels]
Subscribe Project Reporter
  • Sector News

  • Latest News

  • 20 Dec 2014

    NMRC finalises 21 station for Greater Noida metro project

    read more
  • 16 Dec 2014

    Centre approves proposal to ensure quick transfer of land owned by government departments and PSUs for metro rail projects

    read more
  • 05 Dec 2014

    IRB Infrastructure gets provision certificate for Pathankot Amritsar BOT Project

    read more
  • 05 Dec 2014

    MMRDA approves two metro corridor project for Mumbai

    read more
  • 05 Dec 2014

    GOI gives nod to monorail project in Chennai

    read more
  • 18 Nov 2014

    Telangana government plans to take up road development in a big way

    read more
  • 04 Jan 2015

    PM stresses on improving quality of urban governance...

    read more
  • 04 Jan 2015

    Government to build industrial corridors and smart cities...

    read more
  • 04 Jan 2015

    AP to seek Rs 2,000 crore under Swachh Bharat scheme...

    read more
  • 04 Jan 2015

    BHEL gets 1x800 MW Kothagudem power project...

    read more
  • 04 Jan 2015

    BHEL, HSL and Midhani comes together to bid for submarine project...

    read more
  • 04 Jan 2015

    Develop new airports in Arunachal Pradesh: Thangwang Wangham...

    read more
|
Advertise Here [728 W x 90 H pixels]