Yes Bank likely to withhold AT1 bond coupons
Yes Bank is reportedly unlikely to pay annual coupons on its AT1 bonds this year despite a recent Supreme Court ruling. Bondholders are demanding immediate payment after the court overturned a previous write-off, but sources say accumulated losses may delay disbursements until 2028.
Xurve View
Insights:
Xurve View
YES BANK LTD is unlikely to pay 84 billion rupees ($886M) in annual coupons on its AT1 bonds despite a Supreme Court ruling. The decision comes after the court overturned a write-off from the lender's 2020 rescue in India. Retail investors face continued delays on payments that have remained unpaid for six years.
