Categories: Business

Yes Bank Additional Tier 1 bondholders seek interest payment

The YES Bank AT1 Retail Bond Holders Association cited Companies Act and Sebi obligations in seeking an explanation for non-payment of the 9% bond coupon due Oct 18, three days after the Oct 15 court order restoring the bonds. It also demanded payment of coupons skipped in 2020-25 and arrangements for the forthcoming Dec 23 coupon on 9.5% bonds.

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