YES Bank raises $155 m, €50 m in one-year loan

YES Bank has raised $155 million, and €50 million (Rs341 crore) through a dual currency syndicated loan facility, the bank said in a statement on Thursday.

The facility has a maturity of one year and will be used for general
corporate purposes and trade finance.

The bank had entered the market with an intention to raise $140 million and €32 million, but increased the amount following over-subscription, it added.

It received commitments from 14 banks from nine countries, the statement said.

Bank Muscat S.A.O.G., Citigroup, Commerzbank, Doha Bank, Standard Chartered Bank, State Bank of India, Hong Kong and Shanghai Banking Corp, Royal Bank of Scotland N.V. and Wells Fargo Bank were lead mangers and book runners for the deal.