Yes Bank plans dollar bond issue, first since 2020 crisis
after close1 source ↓written by the desknot a recommendation
- market
- 2020 AT1 crisis
Yes Bank is set to issue a benchmark-sized three-year US dollar bond, marking its first return to the international bond market since the 2020 AT1 crisis. This move aims to restore investor confidence and gauge the lender's recovery progress. The bank has appointed arrangers and will begin investor calls soon.
This issuance reflects a broader trend of Indian banks seeking overseas funding, potentially impacting market sentiment for similar future offerings.
Not investment advice. For informational purposes only.