Yes Bank to raise Rs 3,000 crore via Basel-III bonds

New Delhi: Private sector lender Yes Bank on Wednesday said its capital-raising committee has approved issue of Rs 3,000 crore Basel III compliant tier 2 bonds.

"The capital raising committee of the board of the bank...has approved the issue of rated, listed, non-convertible, redeemable, unsecured, Basel III compliant tier 2 bonds, in the nature of debentures, of Rs 10,00,000 each aggregating to Rs 3,000 crore," Yes Bank said in a BSE filing.

In June last year, Yes Bank received its shareholders' nod to raise up to Rs 20,000 crore in debt instruments through various routes in one or more tranches.

The Yes Bank scrip was trading 0.87 per cent lower at Rs 306.60 per share on BSE.