Yes Bank is unlikely to pay coupons due this year on its AT-1 bonds, despite the Supreme Court overturning their 2020 write-off. The bank is reportedly preparing to seek a review, while bondholders seek clarity on unpaid coupons. Yes Bank says its capital ratio could fall by about 250 basis points.
Yes Bank is unlikely to pay coupons due this year on its AT-1 bonds, despite the Supreme Court overturning their 2020 write-off. The bank is reportedly preparing to seek a review, while bondholders seek clarity on unpaid coupons. Yes Bank says its capital ratio could fall by about 250 basis points.
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