Yes Bank Withdraws Plan to Raise Dollar Debt as Investor Yields Rise
After the central bank advanced the closure of the dollar deposit window, Indian banks accelerated dollar bond sales and investors demanded higher yields. Yes Bank withdrew its plan to raise U.S. dollar debt after investors sought 30–40 basis points higher returns and demanded spreads around 200 bps over Treasuries. The bank last raised $600 million in 2018 and previously wrote off perpetual bonds, denting confidence.