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Wednesday, February 18, 2015

Yes to Green Bonds

Yes Bank is targeting to achieve Rs.500 crore through the issue of " Green Infrastructure Bonds" which would be used to fund renewable energy and energy efficiency projects.
Bank has already launched the issue and the bonds will have a tenure of 10 yrs. Given the long term gestation of such projects, the bonds are useful in taking care of any potential asset liability mismatches.
Bank has raised $35 billion globally in 2014 through green bonds.

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