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DEBT CAPITAL MARKETS
41
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Integrated approach of end to end Origination to Distribution resulting in efficient execution of mandates
Deep knowledge of the underlying market dynamics and strong structuring capabilities
Leveraging a strong in-house INR rates research team; supplemented by comprehensive coverage of Corporates through pro-active relationship teams
Ability to originate transactions for a wide range of issuers, across various sectors including Automobiles, Cement, Fertilizers,Infrastructure, Pharmaceuticals, Power and Retail etc
Superior Distribution Capabilities with strong relationships across various investor categories including Banks, FinancialInstitutions, Mutual Funds, Insurance Companies, Non Banking Finance Companies, Provident & Pension Funds, ForeignPortfolio Investors and Private Wealth Managers
RELATIONSHIPS
ISSU
ERS
INV
ESTO
RS
Indi
an P
vt. &
PSU
Corp
orat
es
Non
Ban
king
Fina
nce
Cos.
Fina
ncia
l
Inst
itutio
ns
DomesticBusiness Houses
PSUsEmerging
Entrepreneurs
Securitisation
INR Bond Underwriting/ Syndication
Investment Advisory
Preference Shares
& Value Added Offerings
YES BANKProduct Suite
Banks / Mutual
Funds
Insurance
Companies
Provident/
Pension Funds Foreign Portfolio
Investors
Advantage Debt Capital Markets @ YES BANK
YES BANK’s outperformance vis-à-vis market
CAGR over the last five years of the total market issuance volumeand YES BANK’s origination volume
Corporate Bond Market Landscape
Debt Capital Markets @ YES BANK and MarketDevelopmental Role
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Increasing trend of Indian Corporates accessing the INR
denominated bond market
Emerged as a leading and buoyant Debt Capital Market
franchise over the last 10 years
Introduced many first time issuers to the INR bond market
One of the few active market makers in the domestic market
Active role in devising
Representation on the Board of Fixed Income Money Market
and Derivatives Association (FIMMDA) for 7 years in the past
Active contributor to various decisions related to
development of corporate bond market in India
Corporate Bond Issuance as a % of Incremental Non Food
Credit extended by Banks increased from 36% in FY2010 to
62% in FY2015
Corporate Bond trading platform
Debt Capital Markets @ YES BANK
Corporate Bond issuance volumes in the market
Source: PRIME Database; issuance volume in INR crores
40.0%
35.0%
30.0%
25.0%
20.0%
15.0%
10.0%
5.0%
0.0%Total issuance volume Pvt sector issuance volume
Market YBL
Market issuance Pvt sector issuance
FY2010 FY2011 FY2012 FY2013 FY2014 FY2015
400,000
350,000
300,000
250,000
200,000
150,000
100,000
50,000
0
Steady growth in Origination volumes & improvingmarket share by YES BANK across years
FY2010 FY2011 FY2012 FY2013 FY2014 FY2015
120,000
100,000
80,000
60,000
40,000
20,000
0
35.0%
30.0%
25.0%
20.0%
15.0%
10.0%
5.0%
0.0%
Market shareYBL origination volume (INR crores)
42
First Time Issuers
YES BANK guides Issuers through the entire issue related documentation, relevant regulatory guidelines, introduces the Issuer
to capital market investors by way of one-on-one meetings with large investors, interfaces and liaises with all external
counterparties involved to ensure meeting of issue timelines and successful closure of the Issue
Repeat Mandates
YES BANK has been mandated for repeat issuances by many pedigree issuers owing to the quick turn around time, better price
discovery and effective handling of past issuances in the secondary market
Milestone Transactions
Reliance Utilities & PowerPvt. Ltd.
INR 20.00 Bn
‘AAA’ 10 Yr Secured Bond Issue
Sole Arranger
April 2013
Single largest Long Tenor Issuance
by a private ltd. company, solely
underwritten by a single bank
TATA Power Ltd.
INR 15.00 Bn
‘AA’ Perpetual Unsecured
Subordinate Debt Issue
Joint Arranger
June 2011
First ever perpetual bond issuance
to be accorded 50% equity credit
by the credit rating agency
Reliance Ports &Terminals Ltd.
INR 25.00 Bn
‘AAA’ 10 Yr Secured Bond Issue
Sole Arranger
July 2011
Single largest Issuance at the time of
Issue by a private sector Issuer,
solely underwrittenby a singleBank
Mahindra & Mahindra Ltd.
INR 5.00 Bn
‘AA+’ 50 Yr Unsecured Bond
Issue
Sole Arranger
July 2013
Longest tenor senior, bullet
maturity debt issuance ever in the
history of Indian Capital Markets
Tata Sky Ltd.Sole ArrangerINR 1.60 Bn
5 year with 3Put/Call Bond
Issue
2012
Yr
Oriental HotelsLtd.
Sole Arranger
INR 1.00 Bn
3 Bond Issue
2012
Yr
Mahindra Vehicles
Manufacturers Ltd.
Joint Arranger
INR 8.00 Bn
3/4/5 Bond Issue
2012
Yr
Raymond Ltd.
Sole Arranger
INR 1.00 Bn
3 Bond Issue
2013
Yr
Hero FincorpLtd.
Sole Arranger
INR 0.50 Bn
3 Bond Issue
2012
Yr
United
Phosphorus Ltd.
Sterlite
Industries Ltd.
Tata Teleservices
Ltd.L&T Seawood
Pvt Ltd.
Mahindra Finance
Services Ltd.
Tata
Motors Ltd.
IL&FS
TransportationPrism
Cement
Intas
Pharmaceuticals Ltd.
Tata
Steel Ltd.
Hero
Fincorp Ltd.
Tata
Power Ltd.
Reliance Ports &
Terminals Ltd.
Deepak
Fertiliser
Trent Ltd. Birla
Corporation Ltd.
Reliance Broadcast
Network Ltd.Talwandi Sabo
Power Ltd.
PVR Ltd.
Suraksha RealtyLtd.
Sole Arranger
INR 0.50 Bn
2 Year NCDs (Backedby Share pledge)
2014
HPCL-MittalPipelines Ltd.Joint ArrangerINR 12.75 Bn
10 Bond Issue
2012
Yr
Intas Pharmaceuticals
Ltd.
Joint Arranger
INR 1.05 Bn
5 year with 3 yrPut/Call Bond Issue
2009
Hypercity Retail(India) Ltd.
Sole Arranger
INR 0.50 Bn3 yr Bond Issue
2014
L&T VrindavanProperties Ltd.
Sole Arranger
INR 2.00 Bn3 yr Bond Issue
2014
Aditya Birla RetailLtd.
Sole Arranger
INR 5.00 Bn3 yr Bond Issue
2014
RelianceInnoventures Pvt
Ltd.Sole Arranger
INR 3.50 Bn
2015
Backed by Sharepledge
L&T Metro RailHyderabad Ltd
Sole Arranger
INR 2.50 Bn
20 yr with 10 yrPUT/ CALL option
Bond Issue
2015
Raymond
Ltd.
Grasim
Industries Ltd.
Arvind LifestyleBrands Ltd.
Sole Arranger
INR 0.75 Bn
3/4/5 Yr Bond Issue
2015
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Public Sector Corporates
Rural Electrification
Corporation Ltd.
NTPC Ltd. Power Finance
Corporation Ltd.
IREDA Ltd. PNB Housing
Finance Ltd
NABARD HUDCO
NHPC Ltd. CPCL Power GridCorporationof India Ltd.
India Infrastructure
Finance Company Ltd.
SAIL Indian Railway
Finance Corporation Ltd.
EXIM Bank
Public Sector Banks
Bank of India Indian Overseas BankIndian Bank State Bank of India
Repeat Mandates
Sterlite Industries Ltd.Year : 2013
Year : 2012
Joint Arranger INR 25.00 Bn
10 yr with 5 yr Put/Call Bond Issue
Sole Arranger INR 7.50 Bn
10 yr with 5 yr Put/Call Bond Issue
Sole Arranger INR 5.00 Bn
10 yr with 5 yr Put/Call Bond Issue
Sole Arranger INR 5.00 Bn
10 yr with 5 yr Put/Call Bond Issue
Reliance Ports &Terminals Ltd.
Year : 2013
Year : 2012
Joint Arranger INR 40.00 Bn
10 Bond Issue
Sole Arranger INR 25.00 Bn
10 Bond Issue
yr
yr
Ports and Terminals Limited
TATA Motors Ltd.
Year : 2013
Year : 2010
Sole Arranger INR 3.00 Bn
2 Bond Issue
Sole Arranger INR 1.00 Bn
10 Bond Issue
Sole Arranger INR 1.50 Bn
10 Bond Issue
yr
yr
yr
IFCI Ltd.
Central Bank of IndiaUnited Bank of India
Reliance BroadcastNetwork Ltd.
Year : 2015
Year : 2012
Sole Arranger INR 1.50 Bn
3/4/5 year Bond Issue
Sole Arranger INR 1.50 Bn
3 Year Bond Issue
TATA Power Company Ltd.Year : 2014
Year : 2012
Year : 2011
Joint Arranger INR 15 Bn3/5 year Bond Issue
Sole Arranger INR 15 Bn60 year Subordinate Bond Issue
Joint Arranger INR 15 BnPerpetual Bond Issue
Talwandi Sabo Power Ltd.
Year : 2014Sole Arranger INR 3.0 Bn
2/3 Year Bond Issue
Sole Arranger INR 2.0 Bn3 Year Bond Issue
Raymond Ltd.Year :2015
Year : 2014
Year : 2013
Year : 2012
INR 1.00 Bn; 3 Yr Bond Issue
INR 0.75 Bn; 3.5 Yr Bond Issue
INR 1 Bn; 3 Yr Bond IssueINR 0.3 Bn; 2 Yr Bond IssueINR 0.35 Bn; 3 Yr Bond Issue
INR 1 Bn; 3 Yr Bond IssueINR 0.75 Bn; 2 Yr Bond Issue
PVR Limited
Year : 2015
Year : 2014
Sole Arranger INR 0.5 Bn6/7 Year Bond Issue
Sole Arranger INR 1.0 Bn5/6/7 Year Bond Issue
Hero Fincorp Ltd.
Year : 2013
Year : 2012
Sole Arranger INR 1.0 Bn
3 Year Bond Issue
Sole Arranger INR 0.5 Bn
3 Year Bond Issue
IL&FS TransportationNetworks Ltd.
Year : 2013Joint Arranger INR 2.53 Bn3.5 year & 5 year Preference
Share Issue
Joint Arranger INR 6.0 Bn6 year Bond Issue
IDBI Bank Canara Bank Oriental Bankof Commerce
Bank of Baroda
Bank of BarodaVijaya Bank Allahabad Bank State Bank of Patiala
Airports Authority
of India
TNPL National
Housing BankSIDBI National Capital Region
Planning Board
NPCILGail
Syndicate Bank
TATA Teleservices Ltd.
Year : 2013
Year : 2010
Sole Arranger INR 5.00 Bn
3/4/5 yr Bond Issue
Sole Arranger INR 5.00 Bn
15 yr with 10 yr Call Bond Issue
Repeat Mandates
Prism Cement Ltd.
Year : 2011
Year : 2010
Sole Arranger INR 1.25 Bn
2 & 3 yr Bond Issue
Sole Arranger INR 1.00 Bn
2,3 & 4 yr Bond Issue
Sole Arranger INR 0.50 Bn
3,4 & 5 yr Bond Issue
L&T Seawoods Pvt. Ltd
Year : 2013
Year : 2012
Sole Arranger INR 2.50 Bn
3.5 Bond Issue
Sole Arranger INR 1.00 Bn
2.5 Bond Issue
yr
yr
Intas Pharmaceuticals Ltd.
Year : 2013
Year : 2009
Joint Arranger INR 0.90 Bn
3 Bond Issue
Joint Arranger INR 1.05 Bn
3 Bond Issue
yr
yr
Deepak Fertilisers &Petrochemicals Corp. Ltd.
Year : 2010
Year : 2009
Sole Arranger INR 0.50 Bn
5 yr Bond Issue
Sole Arranger INR 0.50 Bn
3 yr Bond Issue
Sole Arranger INR 1.00 Bn
3/4/5 yr Bond Issue
Private Sector Mandates
44
Reliance Utilities &Power Pvt. Ltd
Sole Arranger
INR 20.00 Bn
10 Bond Issue
2013
yr
Tube Investments ofIndia Ltd.
Sole Arranger
INR 1.50 Bn
3 Bond Issue
2013
yr
Reliance Jio InfocommLtd.
Sole Arranger
INR 5.00 Bn
5 yr Bond Issue
2014
Jio Infocomm
L&T VrindavanProperties Ltd.
Sole Arranger
INR 2.00 Bn
3 year Bond Issue
2014
Suraksha Realty Ltd.Sole Arranger
INR 0.50 Bn
2 year NCDs (
)
2014
Backed by
Share pledge
Reliance InnoventuresPvt. Ltd.
Sole Arranger
INR 3.50 Bn
Backed by Share pledge
2014
Aditya Birla Retail Ltd.
Sole Arranger
INR 5.00 Bn
3 year Bond Issue
2014
JSW Steel Ltd.
Joint Arranger
INR 10.00 Bn
3/4/5 yr Bond Issue
2014
Kudgi Transmission Ltd.Sole Arranger
INR 1.28 Bn
18 yr with 3 yr PUT/CALL
Bond Issue
2015
Nabha Power Ltd.
Sole Arranger
INR 1.57 Bn
2/3 yr Bond Issue
2015
Tata Teleservices(Maharashtra) Ltd.
Sole Arranger
INR 7.50 Bn
3/4/5 yr Bond Issue
2015
L&T Metro RailHyderabad Ltd
Sole Arranger
INR 2.50 Bn
2015
20 yr with 10 yr PUT/CALLoption Bond Issue
United Phosphorus Ltd.Year : 2012
Year : 2011
Year : 2010
Sole Arranger INR 3.00 Bn
7 & 10 yr Bond Issue
Sole Arranger INR 2.50 Bn
15 yr with 10 yr call Bond Issue
Sole Arranger INR 3.00 Bn
8/9/11/12 year Bond Issue
Sole Arranger INR 5.00 Bn
7 /10 yr with 5/7 yr call Bond Issue
TATA Steel Ltd.
Year : 2012Joint Arranger INR 15.00 Bn
10 Bond Issue
Sole Arranger INR 10.00 Bn
6 & 8 Bond Issue
yr
yr
Birla Corporation Ltd.
Year : 2010Joint Arranger INR 1.20 Bn
7 yr Bond Issue
Sole Arranger INR 1.00 Bn
5 yr Bond Issue
Trent Ltd.
Year : 2010
Year : 2009
Year : 2008
Sole Arranger INR 0.75 Bn
7 yr Bond Issue
Sole Arranger INR 0.50 Bn
2 yr Bond Issue
Sole Arranger INR 1.00 Bn
13 & 26 month Bond Issue
Grasim Industries Ltd.
Year : 2009
Year : 2008
Sole Arranger INR 2.00 Bn
7 yr with 5 yr Put/Call Bond Issue
Sole Arranger INR 2.00 Bn
7 yr with 5 yr Put/Call Bond Issue
Sole Arranger INR 1.00 Bn
7 yr with 5 yr Put/Call Bond Issue
Ultratech Cement Ltd.Sole Arranger
INR 2.00 Bn
3 year Bond Issue
2015
Hypercity Retail (India)Ltd.
Sole Arranger
INR 0.50 Bn
3 year Bond Issue
2014
Arvind Lifestyle BrandsLtd.
Sole Arranger
INR 0.75 Bn
3/4/5 Yr Bond Issue
2015
45
Private Sector Mandates
EID Parry Ltd.Sole Arranger
INR 0.40 Bn
3 Bond Issue
2011
yr
MRF LimitedJoint Arranger
INR 5.00 bn
8/9/10
Bond Issue
2011
yr
Reliance GasTransportation & Infra.
Ltd.Joint ArrangerINR 25.00 Bn
10 Bond Issue2011
yr
ETHL CommunicationsHoldings Ltd.Sole Arranger
INR 7.25 Bn
Secured Bond Issue
2011
BILT Graphic PaperProducts
Sole Arranger
INR 2.50 Bn 2/3/4/5/7
Bond Issue
2010
yr
Ballarpur IndustriesSole Arranger
INR 2.50 Bn 2/3/4/5
Bond Issue
2010
yr
JK Lakshmi CementLtd.
Sole Arranger
INR 2.00 Bn
4/5/6/7/8/9/10 yr
Bond Issue
2010
Tata Global BeveragesLtd.
Sole Arranger
INR 3.25 Bn of 3
Bond Issue
2010
yr
Alembic Ltd.Sole Arranger
INR 0.25 Bn
3 Bond Issue
2009
yr
HEG Ltd.Sole Arranger
INR 1.00 Bn
2/3
Bond Issue
2009
yr
Electrosteel CastingLtd.
Sole Arranger
INR 1.00 Bn of
5 Bond Issue
2009
yr
ACC Ltd.Sole Arranger
INR 2.00 Bn of
5 Bond Issue
2008
yr
Larsen & ToubroSole Arranger
INR 2.50 Bn of
3 Bond Issue
2009
yr
L&T Seawood Pvt Ltd.Sole Arranger
INR 2.50 Bn
3 & 6 months Bond
Issue
2012
yr
Tata Sons LimitedSole Arranger
INR 2.50 Bn of 5
Bond Issue
2012
yr
Trent HypermarketLtd.
Sole Arranger
INR 0.75 Bn of 5
Bond Issue
2012
yr
Godrej ConsumerProducts Limited
SoleArranger
INR 0.50 Bn
18 Months Bond Issue
2012
HPCL-Mittal PipelinesLtd
Joint Arranger
INR 12.75 Bn
10 Bond Issue
2012
yr
Tata Sky LtdSole Arranger
INR 1.60 Bn
5 with 3 yr Put/Call
Bond Issue
2012
yr
Oriental Hotels Ltd.Sole Arranger
INR 1.00 Bn
3 Bond Issue
2012
yr
Reliance InfrastructureLtd.
Sole Arranger
INR 3.65 Bn
4/5/6 Bond Issue
2012
IPCA Laboratories Ltd.Sole Arranger
INR 0.25 Bn
5 Bond Issue
2012
yr
Aditya Birla Nuvo Ltd.
Sole Arranger
INR 2.00 Bn
10 Bond Issue
2013
yr
Indian Hotels Ltd.Joint Arranger
INR 2.00 Bn
5 Bond Issue
2012
yr
Pantaloons Fashion &Retail Ltd
Sole Arranger
INR 1.00 Bn
5 Bond Issue
2013
yr
Tata Teleservices Ltd.Sole Arranger
INR 5.00 Bn
3/4/5 Bonds
2013
yr
GREENINFRASTRUCTUREBOND
Hindalco Ltd.Sole Arranger
INR 15.00 Bn
10 Bond Issue
2012
yr
Mahindra & MahindraLtd.
Sole Arranger
INR 5.00 Bn
50 Bond Issue
2013
yr
46
League Table Rankings
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Ranked among Top 2 by Prime Database in the “Private Issuers Category” of the Arrangers tables for FY2012, FY2013 and
FY2014
Ranked among Top 5 by Bloomberg in the India Domestic Bonds underwriting league tables for CY2012, CY2013 and
CY2014
Ranked No. 6 by Prime Database for FY2015 in the all issuers category
NBFCs & Financial Institutions
Indiabulls HousingFinance LtdHDFC Ltd. IDFC Ltd.
CholamandalamInvestment and
Finance Company Ltd.Hero Fincorp Ltd.
Tata MotorsFinance Ltd.
YES BANK adjudgedfor the Year 2013 by IFR Asia
India Bond House
“YES BANK did more than its peers to bring new and lower-rated borrowers to the Indian bond marketin 2013, keeping up efforts to deepen the country's capital markets even amid extreme volatility.”
- IFR Asia review of the year 2013, by Thomson Reuters
YES BANKsuccessfully issuedand placed the
by an Indian company
Year : 2015 Sole Arranger: YES BANK INR 10 Bn 10 year Bond Issue| ||
GREENINFRASTRUCTUREBOND
GREENINFRASTRUCTUREBOND
GREENINFRASTRUCTUREBOND
Larsen & ToubroInfrastructure Finance Ltd.
Tata Capital HousingFinance Ltd.
Sundaram BNP ParibasHome Finance Ltd.
Bajaj Finance Ltd.Mahindra & MahindraFinancial Services Ltd.
Industrial FinanceCorporation of India
Can FinHomes Ltd.
Fullerton IndiaCredit Co. Ltd.
L&T InfraDebt Fund Ltd.
L&T Finance Ltd. Mahindra RuralHousing Finance Ltd.
TATA CapitalFinancial Services Ltd.
Srei InfrastructureFinance Ltd.
LIC HousingFinance Ltd.
Reliance Capital Ltd.SundaramFinance Ltd.
IL&FS Ltd.
KNOWLEDGEBANKING
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INFRASTRUCTURE
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For any queries, please contact: , +91 22 3372 9013, +91 22 3372 9078
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