YES BANK Limited has provided an update regarding the Hon’ble Supreme Court of India’s judgment on Additional Tier-1 (AT-1) Bonds. The bank is currently assessing the judgment and evaluating its options. While the bank retains the right to exercise coupon discretion as per the bond terms, it is responding to queries from bondholders about upcoming coupon payments. A decision on exercising coupon discretion will be communicated after a complete evaluation.
Supreme Court Ruling on AT-1 Bonds
YES BANK Limited has issued a disclosure concerning the judgment by the Hon’ble Supreme Court of India related to Additional Tier-1 (AT-1) Bonds. This follows prior disclosures made on 15 October 2026 and 16 October 2026. The bank has been meticulously examining the judgment and considering all available options and potential next steps.
Coupon Discretion and Bondholder Queries
In parallel with its ongoing assessment, YES BANK is informing stakeholders that, under the terms stipulated in the AT-1 Bonds’ respective Information Memoranda, the bank reserves the right to exercise coupon discretion. The bank has noted that it has been receiving inquiries from certain bondholders regarding the payment of coupons on its AT-1 Bonds. Specifically, the 9% YBL AT-1 Bonds had a coupon payment date on 18 October 2026, as per the Information Memorandum dated 17 October 2017.
Decision on Coupon Payment
YES BANK has stated that it has not yet completed its evaluation and assessment of the Supreme Court’s judgment. Consequently, the bank will communicate its decision, if any, regarding the exercise of coupon discretion for the AT-1 Bonds only after its assessment is finalized. The bank anticipates completing this evaluation in due course and will make further disclosures as required by the Listing Regulations.
Operational Assurance
The bank assures its customers and stakeholders that YES BANK’s day-to-day operations and customer services are continuing seamlessly across all branches and digital channels without any interruption.
Disclosure Dissemination
The weblink for the disclosures provided by BSE Limited and the National Stock Exchange of India Limited is being hosted on YES BANK’s official website, www.yes.bank.in, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
Source: BSE
