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Axis Trustee Gives Yes Bank Three Days to Restore Rs.8,415 Crore AT1 Bonds

Axis Trustee Services has asked Yes Bank to reinstate Rs.8,415 crore of AT1 bonds written off in 2020, following a Supreme Court ruling restoring the bonds. The trustee also sought clarity on unpaid coupons and a firm timeline.

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SquawkNews Desk

Mumbai, Oct. 30 -- Axis Trustee Services Ltd has given Yes Bank Ltd three working days to reinstate Rs.8,415 crore of additional tier-1 (AT1) bonds written off in 2020, following a Supreme Court ruling restoring the bonds. The trustee has also sought clarity on unpaid coupons and a firm timeline fo…

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