Current Affairs - Banking - Discussion

Yes Bank announced the listing of US $600 million bond issue under its maiden US $1 billion medium-term note (MTN) programme on IndiaINX. Medium Term Note (MTN) is a debt note that usually matures or has a payback period of 5 years. Yes Bank's debut MTN bonds received an overwhelming response from international investors as it was oversubscribed by more than 1.83 times from over 90 accounts. Yes Bank had established a Medium Term Note (MTN) programme in December 2017 to raise USD 1 billion post approval from its board's Capital Raising Committee. BSE's IndiaINX is India's first international exchange located at the International Financial Services Centre (IFSC) at GIFT City in Gandhinagar, Gujarat.