DEBT CAPITAL MARKETS - Yes Bank

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

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INV

ESTO

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Indi

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vt. &

PSU

Corp

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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


2014

Aditya Birla RetailLtd.

Sole Arranger


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

43

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






Reliance Ports &Terminals Ltd.

Year : 2013

Year : 2012


10 Bond Issue


10 Bond Issue

yr

yr

Ports and Terminals Limited

TATA Motors Ltd.

Year : 2013

Year : 2010


2 Bond Issue


10 Bond Issue


10 Bond Issue

yr

yr

yr

IFCI Ltd.

Central Bank of IndiaUnited Bank of India

Reliance BroadcastNetwork Ltd.

Year : 2015

Year : 2012


3/4/5 year Bond Issue


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


3 Year Bond Issue


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


3/4/5 yr Bond Issue


15 yr with 10 yr Call Bond Issue

Repeat Mandates

Prism Cement Ltd.

Year : 2011

Year : 2010


2 & 3 yr Bond Issue


2,3 & 4 yr Bond Issue


3,4 & 5 yr Bond Issue

L&T Seawoods Pvt. Ltd

Year : 2013

Year : 2012


3.5 Bond Issue


2.5 Bond Issue

yr

yr

Intas Pharmaceuticals Ltd.

Year : 2013

Year : 2009


3 Bond Issue


3 Bond Issue

yr

yr

Deepak Fertilisers &Petrochemicals Corp. Ltd.

Year : 2010

Year : 2009


5 yr Bond Issue


3 yr Bond Issue


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


7 & 10 yr Bond Issue


15 yr with 10 yr call Bond Issue


8/9/11/12 year Bond Issue


7 /10 yr with 5/7 yr call Bond Issue

TATA Steel Ltd.

Year : 2012Joint Arranger INR 15.00 Bn

10 Bond Issue


6 & 8 Bond Issue

yr

yr

Birla Corporation Ltd.

Year : 2010Joint Arranger INR 1.20 Bn

7 yr Bond Issue


5 yr Bond Issue

Trent Ltd.

Year : 2010

Year : 2009

Year : 2008


7 yr Bond Issue


2 yr Bond Issue


13 & 26 month Bond Issue

Grasim Industries Ltd.

Year : 2009

Year : 2008







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| ||




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

RESPONSIBLEBANKING

SERVICEEXCELLENCE

ROBUSTFINANCIAL

PERFORMANCE

WORLD-CLASSBRANCH

INFRASTRUCTURE

TRUST ANDTRANSPARENCY

FINESTHUMANCAPITAL

ACHIEVINGINSTITUTIONAL EXCELLENCE

ACHIEVINGINSTITUTIONAL EXCELLENCE

700 Branches Pan India 1,300 ATMs|

Sep 2

015

Registered Office: Nehru Centre, 9 Floor, Discovery of India, Dr. A.B. Road, Worli, Mumbai- 400018. India.

For any queries, please contact: , +91 22 3372 9013, +91 22 3372 9078

thwww.yesbank.in

[email protected]

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DEBT CAPITAL MARKETS - Yes Bank