YES Bank, India's 4th largest Private Sector Bank has successfully issued India's FIRST ever Green Infrastructure Bonds raising an amount of Rs 10 billion. The issue launched on Feb. 16, 2015 for Rs 5 billion plus green shoe option witnessed strong demand from leading investors  including Insurance companies, Pension & Provident Funds, Foreign Portfolio Investors, New Pension Schemes and Mutual Funds, resulting in a total subscription of Rs 10 billion and was closed on Feb. 24, 2015. The bonds are for a tenor of 10 years. YES Bank's Sustainable Investment Banking and Debt Capital Markets team acted as arranger to the transaction.

The amount raised will be used by YES Bank to finance Green Infrastructure Projects in Renewable Energy including Solar Power, Wind Power, Biomass, and Small Hydel Projects. KPMG,  India will be providing the Assurance Services annually, on the use of proceeds in accordance with the Green Bond principles.

Rana Kapoor, managing director & CEO, YES Bank said, ''The highly successful issuance of India's first ever Green Infrastructure Bonds issue by YES Bank is a landmark transaction in the realm of Green Infrastructure Financing in India. The issue received a total subscription of Rs 10 billion, which is twice the original issue amount, reflecting the faith and trust reposed in YES Bank's knowledge and innovation driven business model by leading domestic Institutional investors.''

Shares of the bank gained Rs 0.45, or 0.06%, to trade at Rs 795.30. The total volume of shares traded was 22,915 at the BSE (9.27 a.m., Thursday).