Yes Bank to issue $600 mln bonds on Tuesday with 3.75% interest

Yes Bank, one of India’s youngest banks, said it will raise $600 mln by issuing five-year notes with a coupon rate of 3.75% per year.

The bonds will be listed on the Singapore Exchange Securities Trading, International Securities Market of The London Stock Exchange and India International Exchange IFSC.

The instruments will be issued on February 6 and will mature on Feb 6, 2023. They have been rated as Baa3 by Moody’s.

The issue is under the company’s $1 billion ‘medium term note program’.