Yes Bank hits market with QIP, spies potential Rp66bn

rupees 230-150x
By Jonathan Breen
08 Sep 2016

India’s Yes Bank has bagged as much as Rp66.3bn ($996.7m) from a qualified institutional placement (QIP), the largest so far in the country’s financial year.

The mammoth deal is just the fifth QIP so far in the 2016/17 financial year that started in April, with the previous four deals raising a combined Rp5.6bn, according to local market tracker service provider Prime Database.

Yes Bank’s QIP was marketed at ...

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