Yes Bank raises USD 500 million in longer tenure FCY loan and FCNR funds in FY 2013-14

Yes Bank Ltd has recently raised US$ 34 million from DEG, through a long term senior loan agreement for a tenor of 6 years.

This loan arrangement follows Yes Bank raising dual tranche US$150 million from IFC, Washington, a member of the World Bank Group, for tenor of 2 and 7 years, in December 2013. Yes Bank was the first institution globally to receive funding through IFC's Managed Co-Lending Portfolio Program and the first Indian Bank to raise loan under IFC's A/B loan facility.

Yes Bank has closed the financialy year 2013-14 with US$ 500 million raised in long term FCY loan and FCNR funds. The loan facilities are being used by the bank to scale up its general purpose lending and small and medium entrprise loan portfolios.

Shares of YES BANK LTD. was last trading in BSE at Rs.410.5 as compared to the previous close of Rs. 413.5. The total number of shares traded during the day was 909107 in over 17936 trades.

The stock hit an intraday high of Rs. 418.75 and intraday low of 405.4. The net turnover during the day was Rs. 374261779.

Source : Equity Bulls

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