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HOUSE OF THE WEEK

Thursday, 2 August 2012

Yes Bank raises Rs 1,180 crore foreign loan

MUMBAI: Private bank Yes bank on Thursday said it has raised around Rs 1,181 crore through a dual currency syndicated loan facility from foreign markets.

The facility has a maturity of one year and will be used for general corporate purposes and trade finance, the city-based private lender said in a statement.

The bank had entered the market with an intention to raise USD 140 million euro and 32 million euro, but increased the amount to USD 155 million euro and 50 million euro following over-subscription, it added.


Edited By Cen Fox Post Team

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