YES Bank Limited Outcome of Capital Raising Committee of YES BANK (6670N)
06 Giugno 2022 - 8:00AM
UK Regulatory
TIDM16ER
RNS Number : 6670N
YES Bank Limited
06 June 2022
June 2, 2022
India International Exchange The Singapore Exchange Securities
IFSC Limited Trading Limited
101 First Floor, Hiranandani Signature 2, Shenton Way #19-00
Tower, SGX Centre 1, Singapore 068804
GIFT City IFSC - 382355, Gujarat,
India
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 .
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 t ender 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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCFLFILRVIFIIF
(END) Dow Jones Newswires
June 06, 2022 02:00 ET (06:00 GMT)
Grafico Azioni Yes Bank. 23 (LSE:16ER)
Storico
Da Ago 2024 a Set 2024
Grafico Azioni Yes Bank. 23 (LSE:16ER)
Storico
Da Set 2023 a Set 2024