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YES Bank has raised Rs 315 crore through the issuance of Green Infrastructure Bonds to International Finance Corporation, Washington, a member of World Bank Group on a private placement basis.
The bonds are for a tenor of 10 years.
The amount raised will be used by the mid-sized bank to finance green infrastructure projects like solar power and wind power in the renewable energy space.
“This comes close on the heels of the highly successful issuance of India’s first ever Green Infrastructure Bonds of Rs 1,000 crore by us in February this year,” said Rana Kapoor, Managing Director & CEO, YES Bank.
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