The bonds are of 10-year tenor and the money raised will be used for funding renewable energy projects in solar, wind, biomass and small hydel plants, the lender said in a statement here.
Private sector Yes Bank on Wednesday raised Rs 1,000 crore against a targeted Rs 500 crore by issuing green infrastructure bonds.
The bonds are of 10-year tenor and the money raised will be used for funding renewable energy projects in solar, wind, biomass and small hydel plants, the lender said in a statement here.
The bank, which had set out with a target to raise Rs 500 crore, saw demand from insurance companies, pension and provident funds, foreign portfolio investors and mutual funds , which resulted in the greenshoe option being utilised.
Yes Bank Managing Director and Chief Executive Rana Kapoor said this is the first green infrastructure bond issue in India and expressed satisfaction at the response. The statement, however, did not offer any details on the pricing of the issue.
The city-headquartered lender said it had made a commitment to fund 5,000 mw of renewable energy projects during the recent summit organised by the Government and added the proceeds from the issue will be used to fund the same.
In 2014-15, India's fourth largest private Yes Bank raised USD 1.2 billion through various transactions, including USD 500 million funding last May, a USD 422-million syndicated loan in October and a USD 200-million loan from the Asian Development Bank in December.
It said globally, USD 35 billion was raised in green bonds in 2014, while the Indian market for this offering is either non-existent or in nascent stage. Given the long-term gestation of such projects, the bonds are useful in taking care of any potential asset liability mismatches, the bank had said earlier.
Shares of Yes Bank closed at Rs 794.85 apiece on BSE, down 0.65 percent over previous close.
Yes Bank stock price
On February 25, 2015, Yes Bank closed at Rs 794.85, down Rs 5.2, or 0.65 percent. The 52-week high of the share was Rs 895.00 and the 52-week low was Rs 301.50.
The company's trailing 12-month (TTM) EPS was at Rs 45.31 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 17.54. The latest book value of the company is Rs 171.87 per share. At current value, the price-to-book value of the company is 4.62.
Anda sedang membaca artikel tentang
Yes Bank raises Rs 1K cr via green bonds, double the target
Dengan url
https://citraasa.blogspot.com/2015/02/yes-bank-raises-rs-1k-cr-via-green.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Yes Bank raises Rs 1K cr via green bonds, double the target
namun jangan lupa untuk meletakkan link
Yes Bank raises Rs 1K cr via green bonds, double the target
sebagai sumbernya
0 komentar:
Posting Komentar