Yes Bank to raise Rs 330 cr via green infra Bonds

  YES Bank today said it will raise about Rs 330 crore (USD 50 million) by issuing a 7-year term green infrastructure bond to FMO, the Dutch Development Bank, on a private placement basis. "FMO will be investing in Yes Bank's bonds through FMO's own sustainable bonds. 

 

The definitive agreement was signed today at the fourth edition of FMO's Future of Finance conference being held in Katwijk, the Netherlands," Yes Bank said in a release here. This is FMO's first investment in a green bond issued by a bank in India. Yes Bank said it will raise the amount to finance green infrastructure, including solar and wind projects and for more check us on Ripples Advisory