REG - YES Bank Limited - Outcome of Capital Raising Committee of YES BANK

Yes BankAnnouncement

06/06/2022 07:02

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RNS Number : 6670N  YES Bank Limited  06 June 2022

June 2, 2022

 

 India International Exchange IFSC Limited       The Singapore Exchange Securities Trading Limited

 101 First Floor, Hiranandani Signature Tower,   2, Shenton Way #19-00

 GIFT City IFSC - 382355, Gujarat, India         SGX Centre 1, Singapore 068804

 The London Stock Exchange

 10, Patemoster Square,

 London, EC4M 7LS

Dear Sir/Madam,

 

Re: Intimation regarding outcome of meeting of the capital raising committee
of the board of directors of Yes Bank Limited (the "Bank" and such committee,
the "CRC") to consider the exercise of certain rights available to the Bank
under the terms and conditions of the medium term note programme set up for an
amount of U.S.$1 BN (the "Medium Term Note Programme")

 

We refer to the intimation made to the stock exchanges through our letter
dated May 30, 2022. In furtherance to the same, we wish to inform you that the
CRC, on June 2, 2022 has approved and recommended to make a tender offer for
re-purchase in relation to the notes issued under the Medium Term Note
Programme of the Bank for an amount of up to USD 200 million at (i) 100% of
the principal amount of the notes in relation to notes tendered during an
early tender offer period; and (ii) 97% of the principal amount of the notes
in relation to notes tendered after the end of the early tender offer period
but at or before the expiry of the tender offer. The Bank shall make further
intimations in relation to the re-purchase of the notes upon completion of the
re-purchase of the notes, in accordance with applicable laws.

 

The above information is being hosted on the Bank's website www.yesbank.in
(http://www.yesbank.in) .

 

We request you to kindly take the above on your record and disseminate to all
concerned.

 

Thanking you,

 

Yours faithfully,

 

For Yes Bank Limited

 

 

 

 

Shivanand R. Shettigar

Company Secretary

 

 

This announcement is not for release, publication or distribution, directly or
indirectly, in or into the United States or in any other jurisdiction in which
such release, publication or distribution would be prohibited by applicable
law. Nothing in this announcement constitutes an offer to buy or a
solicitation of an offer to sell securities, in any jurisdiction in which such
offer or solicitation would be unlawful. The Notes which are the subject of
the tender offer have not been registered under the United States Securities
Act of 1933, as amended, or the securities laws of the United States or any
State thereof or the applicable laws of any other jurisdiction.

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