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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.
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.