Yes Bank Sets 55% Discount for $2 Billion Share Offering
- Bank has received commitments from several anchor investors
- Yes Bank shares fall after announcement of price band
Police officers observe customers standing in line outside a Yes Bank Ltd. branch in Mumbai.
Photographer: BloombergThis article is for subscribers only.
Yes Bank Ltd. set a large discount in the price range for its $2 billion public offering scheduled for next week.
The Mumbai-based lender plans to sell the shares at 12 rupees to 13 rupees apiece, a filing showed. That’s a discount of as much as 55% to Thursday’s close.