Yes Bank, India's fourth largest private sector bank has announced the listing of the Bank's debut USD 600 million bond issue under its maiden USD 1 billion MTN programme on Global Securities Market (GSM), India's first capital raising platform for international investors in any currency, located at the Gujarat International Finance Tec City (GIFT City) IFSC.
 
Rana Kapoor, MD & CEO, Yes Bank, said, ''Yes Bank will use the proceeds to fund the bank’s IFSC Banking Unit (IBU) in Gift City and expand IBU’s rapidly growing business opportunities. IFSC received a major boost in the Union Budget with the proposed unified regulator and enabling tax benefits. Yes Bank remains committed to the Government of India’s vision of making India the preferred destination for investments.''

Shares of the bank gained Rs 2.65, or 0.83%, to trade at Rs 322.85. The total volume of shares traded was 81,115 at the BSE (9.35 a.m., Thursday).