YES Bank Limited Outcome of Capital Raising Committee of YES BANK (6670N)

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.

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June 06, 2022 02:00 ET (06:00 GMT)