Yes Bank Unlikely to Pay AT1 Bond Coupons, Sources Say
Yes Bank is unlikely to pay coupons due this year on its additional tier-1 bonds, two people familiar with the matter said, despite a Supreme Court ruling overturning their write-off during the bank’s 2020 rescue.
By Gopika Gopakumar and Jayshree P UpadhyayIndia's Yes Bank NSE:YESBANK is unlikely to pay coupons due this year on its additional tier-1 (AT1) bonds despite a Supreme Court ruling overturning their write-off during the lender's 2020 rescue, two persons familiar with the matter said.The bank is pre…