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Yes Bank Raises $400 Million Through Two Syndicated Loan Transaction In Taiwan, Japan

Yes Bank is raising $400 million through two syndicated loan transactions in Taiwan and Japan, comprising of $ 250 million from Taiwanese banks and $150 million from Japan.

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Yes Bank Raises $400 Million Through Two Syndicated Loan Transaction In Taiwan, Japan

Yes Bank shares trade at Rs 316 on Tuesday in the afternoon trade


Yes Bank is raising $400 million through two syndicated loan transactions in Taiwan and Japan, comprising of $ 250 million from Taiwanese banks and $150 million from Japan.

Yes Bank has tied up 5-year commercial loan in a syndication led by CTBC Bank, Bank of Taiwan, Mega International Commercial Bank and Land Bank of Taiwan. The syndication which was announced for an initial size of $ 200 million with a green-shoe option saw a total subscription of $ 355 million from 13 banks apart from the four mandated lead arrangers, amongst the largest bank participation in a Taiwan loan transaction.

This is Yes Bank's second such strategic loan sydication transaction in Taiwan after a successful maiden transaction in 2016 for a 5 year, $ 130 million syndicated loan which saw participation from 10 banks including the mandated lead arrangers -- CTBC Bank and Taiwan Cooperative Bank.

Yes Bank had also raised its maiden Samurai loan for one year, the syndication for which was solely led by Bank of Tokyo Mitsuibishi UFJ Ltd as mandated lead arranger and bookrunner. The issues was closed with oversubscription and saw total participation of $150 million across 8 banks.

Yes Bank scrip is trading at Rs 316, 0.78% higher than the previous session's closing on Monday.

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