Yes Bank bondholders step up pressure for restoration of ₹8,415 crore AT1 bonds
The association has sought a time-bound restoration plan and clarity on unpaid coupons, while questioning the bank's role in selling the bonds to individual investors.
The association has sought a time-bound restoration plan and clarity on unpaid coupons, while questioning the bank's role in selling the bonds to individual investors.
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MUMBAI: The Yes Bank AT1 Bond Holders Association has stepped up pressure on the lender to restore ₹8,415 crore of written-off additional tier-1 (AT1) bonds, demanding a time-bound plan after a deadline set by the debenture trustee expired. It has also sought clarity on unpaid coupons and the bank's responsibility towards individual investors who bought the bonds through its distribution network.
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