Yes Bank Unlikely to Pay AT1 Bond Coupons Due This Year
Yes Bank is unlikely to pay coupons due this year on its AT1 bonds despite a Supreme Court ruling overturning their write-off during the bank’s 2020 rescue, two people familiar with the matter said. The bank is preparing to seek a review of the ruling, one source said.
India's Yes Bank 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 preparing to seek a review of the ruling, one of the s…