Advantage Debt Capital YES BANK

DEBT CAPITAL MARKETS Advantage Debt Capital Markets @ YES BANK § Integrated approach of end to end Origination to Distribution resulting in efficien...
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DEBT CAPITAL MARKETS

Advantage Debt Capital Markets @ YES BANK § 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 proactive 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, Financial Institutions, Mutual Funds, Insurance Companies, Non Banking Finance Companies, Provident & Pension Funds, Foreign Portfolio Investors and Private Wealth Managers 40.0%

YES BANK’s outperformance vis-à-vis market U In Co dian rpo Pv rat t. & es PS

25.0%

ER IS

SU

15.0% 10.0% 0.0%

Pvt sector issuance volume

Securitisation Preference Shares INR Bond Underwriting/ Syndication Investment Advisory & Value Added Offerings

YBL

Domestic Business Houses

CAGR over the last five years of the total market issuance volume and YES BANK’s origination volume

o

Market

YES BANK Product Suite

oli

Total issuance volume

F Ins inan titu cia tio l ns

5.0%

No Fin n B an ank ce ing Co s.

S

20.0%

rtf Po RS gn O rei rs Fo esto ST Inv VE nt/ s ide und IN ov Pr ion F ns e Pe nc ura ies Ins pan m al Co utu s / M Fund

30.0%

s nk Ba

35.0%

Emerging Entrepreneurs

PSUs

RELATIONSHIPS

Corporate Bond issuance volumes in the market

Debt Capital Markets @ YES BANK

400,000 350,000 300,000

Corporate Bond Market Landscape § Increasing trend of Indian Corporates accessing the INR denominated bond market § Corporate Bond Issuance as a % of Incremental Non Food Credit extended by Banks increased from 36% in FY2010 to 62% in FY2015

250,000 200,000 150,000 100,000 50,000 0 FY2010

FY2011

FY2012

Market issuance

§ 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 Corporate Bond trading platform § 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

FY2015

120,000

Steady growth in Origination volumes & improving market share by YES BANK across years

35.0% 30.0%

100,000

25.0%

80,000

20.0%

60,000

15.0% 40,000

10.0%

20,000

5.0%

0

0.0% FY2010

FY2011

FY2012

FY2013

YBL origination volume (INR crores)

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FY2014

Pvt sector issuance

Source: PRIME Database; issuance volume in INR crores

Debt Capital Markets @ YES BANK and Market Developmental Role § Emerged as a leading and buoyant Debt Capital Market franchise over the last 10 years

FY2013

FY2014

FY2015

Market share

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

Arvind Lifestyle Brands Ltd. Sole Arranger INR 0.75 Bn 3/4/5 Yr Bond Issue 2015

Raymond Ltd. Sole Arranger INR 1.00 Bn 3 Yr Bond Issue 2013

L&T Metro Rail Hyderabad Ltd Sole Arranger INR 2.50 Bn 20 yr with 10 yr PUT/ CALL option Bond Issue 2015

Reliance Innoventures Pvt Ltd. Sole Arranger INR 3.50 Bn Backed by Share pledge 2015

Aditya Birla Retail Ltd. Sole Arranger INR 5.00 Bn 3 yr Bond Issue 2014

L&T Vrindavan Properties Ltd. Sole Arranger INR 2.00 Bn 3 yr Bond Issue 2014

Hypercity Retail (India) Ltd. Sole Arranger INR 0.50 Bn 3 yr Bond Issue 2014

Suraksha Realty Ltd. Sole Arranger INR 0.50 Bn 2 Year NCDs (Backed by Share pledge) 2014

Hero Fincorp Ltd. Sole Arranger INR 0.50 Bn 3 Yr Bond Issue 2012

Mahindra Vehicles Manufacturers Ltd. Joint Arranger INR 8.00 Bn 3/4/5 Yr Bond Issue 2012

Oriental Hotels Ltd. Sole Arranger INR 1.00 Bn 3 Yr Bond Issue 2012

Tata Sky Ltd. Sole Arranger INR 1.60 Bn 5 year with 3 Yr Put/Call Bond Issue 2012

HPCL-Mittal Pipelines Ltd. Joint Arranger INR 12.75 Bn 10 Yr Bond Issue 2012

Intas Pharmaceuticals Ltd. Joint Arranger INR 1.05 Bn 5 year with 3 yr Put/Call Bond Issue 2009

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

Tata Tata Teleservices L&T Seawood Raymond Mahindra Finance PVR Ltd. Talwandi Sabo Reliance Broadcast United Sterlite Ltd. Ltd. Services Ltd. Network Ltd. Phosphorus Ltd. Industries Ltd. Motors Ltd. Pvt Ltd. Power Ltd.

IL&FS Prism Intas Tata Transportation Cement Pharmaceuticals Ltd. Steel Ltd.

Hero Fincorp Ltd.

Tata Deepak Reliance Ports & Trent Ltd. Birla Grasim Power Ltd. Fertiliser Terminals Ltd. Corporation Ltd. Industries Ltd.

Milestone Transactions

Mahindra & Mahindra Ltd. INR 5.00 Bn ‘AA+’ 50 Yr Unsecured Bond Issue Sole Arranger July 2013

Reliance Utilities & Power Pvt. Ltd. INR 20.00 Bn ‘AAA’ 10 Yr Secured Bond Issue Sole Arranger April 2013

Reliance Ports & Terminals Ltd. INR 25.00 Bn ‘AAA’ 10 Yr Secured Bond Issue Sole Arranger July 2011

TATA Power Ltd. INR 15.00 Bn ‘AA’ Perpetual Unsecured Subordinate Debt Issue Joint Arranger June 2011

Longest tenor senior, bullet maturity debt issuance ever in the history of Indian Capital Markets

Single largest Long Tenor Issuance by a private ltd. company, solely underwritten by a single bank

Single largest Issuance at the time of Issue by a private sector Issuer, solely underwritten by a single Bank

First ever perpetual bond issuance to be accorded 50% equity credit by the credit rating agency

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Public Sector Corporates

Rural Electrification Corporation Ltd.

NHPC Ltd.

Gail

Power Finance Corporation Ltd.

NTPC Ltd.

CPCL

Power Grid Corporation of India Ltd.

India Infrastructure Finance Company Ltd.

TNPL

Airports Authority of India

IREDA Ltd.

PNB Housing Finance Ltd

SAIL

IFCI Ltd.

National Housing Bank

NABARD

HUDCO

Indian Railway Finance Corporation Ltd.

SIDBI

EXIM Bank

National Capital Region Planning Board

NPCIL

Public Sector Banks Bank of Baroda

Vijaya Bank

Bank of India

Allahabad Bank

United Bank of India

State Bank of Patiala

Central Bank of India

IDBI Bank

Indian Bank

Oriental Bank of Commerce

Canara Bank

Indian Overseas Bank

Syndicate Bank

Bank of Baroda

State Bank of India

Repeat Mandates

Raymond Ltd. Year :2015 INR 1.00 Bn; 3 Yr Bond Issue Year : 2014 INR 0.75 Bn; 3.5 Yr Bond Issue Year : 2013 INR 1 Bn; 3 Yr Bond Issue INR 0.3 Bn; 2 Yr Bond Issue INR 0.35 Bn; 3 Yr Bond Issue Year : 2012 INR 1 Bn; 3 Yr Bond Issue INR 0.75 Bn; 2 Yr Bond Issue

Reliance Broadcast Network Ltd. Year : 2015 Sole Arranger INR 1.50 Bn 3/4/5 year Bond Issue Year : 2012 Sole Arranger INR 1.50 Bn 3 Year Bond Issue

PVR Limited Year : 2015 Sole Arranger INR 0.5 Bn 6/7 Year Bond Issue Year : 2014 Sole Arranger INR 1.0 Bn 5/6/7 Year Bond Issue

TATA Power Company Ltd. Year : 2014 Joint Arranger INR 15 Bn 3/5 year Bond Issue Year : 2012 Sole Arranger INR 15 Bn 60 year Subordinate Bond Issue Year : 2011 Joint Arranger INR 15 Bn Perpetual Bond Issue

Talwandi Sabo Power Ltd. Year : 2014 Sole Arranger INR 3.0 Bn 2/3 Year Bond Issue Sole Arranger INR 2.0 Bn 3 Year Bond Issue

Ports and Terminals Limited

Hero Fincorp Ltd. Year : 2013 Sole Arranger INR 1.0 Bn 3 Year Bond Issue Year : 2012 Sole Arranger INR 0.5 Bn 3 Year Bond Issue

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IL&FS Transportation Networks Ltd. Year : 2013 Joint Arranger INR 2.53 Bn 3.5 year & 5 year Preference Share Issue Joint Arranger INR 6.0 Bn 6 year Bond Issue

Sterlite Industries Ltd. Year : 2013 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 Year : 2012 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 Joint Arranger INR 40.00 Bn 10 yr Bond Issue Year : 2012 Sole Arranger INR 25.00 Bn 10 yr Bond Issue

TATA Motors Ltd. Year : 2013 Sole Arranger INR 3.00 Bn 2 yr Bond Issue Year : 2010 Sole Arranger INR 1.00 Bn 10 yr Bond Issue Sole Arranger INR 1.50 Bn 10 yr Bond Issue

Repeat Mandates

United Phosphorus Ltd.

L&T Seawoods Pvt. Ltd

TATA Teleservices Ltd.

Year : 2013 Sole Arranger INR 2.50 Bn 3.5 yr Bond Issue

Year : 2013 Sole Arranger INR 5.00 Bn 3/4/5 yr Bond Issue

Year : 2012 Sole Arranger INR 1.00 Bn 2.5 yr Bond Issue

Year : 2010 Sole Arranger INR 5.00 Bn 15 yr with 10 yr Call Bond Issue

Prism Cement Ltd.

Trent Ltd.

Birla Corporation Ltd.

Year : 2011 Sole Arranger INR 1.25 Bn 2 & 3 yr Bond Issue Sole Arranger INR 1.00 Bn 2,3 & 4 yr Bond Issue

Year : 2010 Sole Arranger INR 0.75 Bn 7 yr Bond Issue Year : 2009 Sole Arranger INR 0.50 Bn 2 yr Bond Issue Year : 2008 Sole Arranger INR 1.00 Bn 13 & 26 month Bond Issue

Year : 2010 Joint Arranger INR 1.20 Bn 7 yr Bond Issue Sole Arranger INR 1.00 Bn 5 yr Bond Issue

Year : 2010 Sole Arranger INR 0.50 Bn 3,4 & 5 yr Bond Issue

Year : 2012 Sole Arranger INR 3.00 Bn 7 & 10 yr Bond Issue Year : 2011 Sole Arranger INR 2.50 Bn 15 yr with 10 yr call Bond Issue Year : 2010 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

Intas Pharmaceuticals Ltd.

TATA Steel Ltd.

Year : 2013 Joint Arranger INR 0.90 Bn 3 yr Bond Issue

Year : 2012 Joint Arranger INR 15.00 Bn 10 yr Bond Issue

Year : 2009 Joint Arranger INR 1.05 Bn 3 yr Bond Issue

Sole Arranger INR 10.00 Bn 6 & 8 yr Bond Issue

Deepak Fertilisers & Petrochemicals Corp. Ltd.

Grasim Industries Ltd.

Year : 2010 Sole Arranger INR 0.50 Bn 5 yr Bond Issue Sole Arranger INR 0.50 Bn 3 yr Bond Issue Year : 2009 Sole Arranger INR 1.00 Bn 3/4/5 yr Bond Issue

Year : 2009 Sole Arranger INR 2.00 Bn 7 yr with 5 yr Put/Call Bond Issue Year : 2008 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

Private Sector Mandates

Arvind Lifestyle Brands Ltd. Sole Arranger INR 0.75 Bn 3/4/5 Yr Bond Issue 2015

Ultratech Cement Ltd. Sole Arranger INR 2.00 Bn 3 year Bond Issue 2015

L&T Metro Rail Hyderabad Ltd Sole Arranger INR 2.50 Bn 2015

Tata Teleservices (Maharashtra) Ltd. Sole Arranger INR 7.50 Bn 3/4/5 yr Bond Issue 2015

Nabha Power Ltd. Sole Arranger INR 1.57 Bn 2/3 yr Bond Issue 2015

Kudgi Transmission Ltd. Sole Arranger INR 1.28 Bn 18 yr with 3 yr PUT/CALL Bond Issue 2015

JSW Steel Ltd. Joint Arranger INR 10.00 Bn 3/4/5 yr Bond Issue 2014

Aditya Birla Retail Ltd. Sole Arranger INR 5.00 Bn 3 year Bond Issue 2014

Reliance Innoventures Pvt. Ltd. Sole Arranger INR 3.50 Bn Backed by Share pledge 2014

Suraksha Realty Ltd. Sole Arranger INR 0.50 Bn 2 year NCDs (Backed by Share pledge) 2014

Reliance Utilities & Power Pvt. Ltd Sole Arranger INR 20.00 Bn 10 yr Bond Issue 2013

Tube Investments of India Ltd. Sole Arranger INR 1.50 Bn 3 yr Bond Issue 2013

20 yr with 10 yr PUT/CALL option Bond Issue

Jio Infocomm

Hypercity Retail (India) Ltd. Sole Arranger INR 0.50 Bn 3 year Bond Issue 2014

L&T Vrindavan Properties Ltd. Sole Arranger INR 2.00 Bn 3 year Bond Issue 2014

Reliance Jio Infocomm Ltd. Sole Arranger INR 5.00 Bn 5 yr Bond Issue 2014

4

Private Sector Mandates

Mahindra & Mahindra Ltd. Sole Arranger INR 5.00 Bn 50 yr Bond Issue 2013

Aditya Birla Nuvo Ltd. Sole Arranger INR 2.00 Bn 10 yr Bond Issue 2013

Pantaloons Fashion & Retail Ltd Sole Arranger INR 1.00 Bn 5 yr Bond Issue 2013

Tata Teleservices Ltd. Sole Arranger INR 5.00 Bn 3/4/5 yr Bonds 2013

Indian Hotels Ltd. Joint Arranger INR 2.00 Bn 5 yr Bond Issue 2012

L&T Seawood Pvt Ltd. Sole Arranger INR 2.50 Bn 3 yr & 6 months Bond Issue 2012

Tata Sons Limited Sole Arranger INR 2.50 Bn of 5 yr Bond Issue 2012

Trent Hypermarket Ltd. Sole Arranger INR 0.75 Bn of 5 yr Bond Issue 2012

Godrej Consumer Products Limited SoleArranger INR 0.50 Bn 18 Months Bond Issue 2012

Hindalco Ltd. Sole Arranger INR 15.00 Bn 10 yr Bond Issue 2012

HPCL-Mittal Pipelines Ltd Joint Arranger INR 12.75 Bn 10 yr Bond Issue 2012

Tata Sky Ltd Sole Arranger INR 1.60 Bn 5 yr with 3 yr Put/Call Bond Issue 2012

Oriental Hotels Ltd. Sole Arranger INR 1.00 Bn 3 yr Bond Issue 2012

Reliance Infrastructure Ltd. Sole Arranger INR 3.65 Bn 4/5/6 Bond Issue 2012

IPCA Laboratories Ltd. Sole Arranger INR 0.25 Bn 5 yr Bond Issue 2012

EID Parry Ltd. Sole Arranger INR 0.40 Bn 3 yr Bond Issue 2011

MRF Limited Joint Arranger INR 5.00 bn 8/9/10 yr Bond Issue 2011

Reliance Gas Transportation & Infra. Ltd. Joint Arranger INR 25.00 Bn 10 yr Bond Issue 2011

ETHL Communications Holdings Ltd. Sole Arranger INR 7.25 Bn Secured Bond Issue 2011

BILT Graphic Paper Products Sole Arranger INR 2.50 Bn 2/3/4/5/7 yr Bond Issue 2010

Ballarpur Industries Sole Arranger INR 2.50 Bn 2/3/4/5 yr Bond Issue 2010

JK Lakshmi Cement Ltd. Sole Arranger INR 2.00 Bn 4/5/6/7/8/9/10 yr Bond Issue 2010

Tata Global Beverages Ltd. Sole Arranger INR 3.25 Bn of 3 yr Bond Issue 2010

Alembic Ltd. Sole Arranger INR 0.25 Bn 3 yr Bond Issue 2009

HEG Ltd. Sole Arranger INR 1.00 Bn 2/3 yr Bond Issue 2009

Larsen & Toubro Sole Arranger INR 2.50 Bn of 3 yr Bond Issue 2009

ACC Ltd. Sole Arranger INR 2.00 Bn of 5 yr Bond Issue 2008

Electrosteel Casting Ltd. Sole Arranger INR 1.00 Bn of 5 yr Bond Issue 2009

4 5

NBFCs & Financial Institutions

L&T Finance Ltd.

Mahindra Rural Housing Finance Ltd.

Larsen & Toubro Infrastructure Finance Ltd.

Cholamandalam Investment and Finance Company Ltd.

LIC Housing Finance Ltd.

L&T Infra Debt Fund Ltd.

Tata Capital Housing Finance Ltd.

HDFC Ltd.

Sundaram Finance Ltd.

Fullerton India Credit Co. Ltd.

Mahindra & Mahindra Financial Services Ltd.

IDFC Ltd.

Reliance Capital Ltd.

Can Fin Homes Ltd.

Sundaram BNP Paribas Home Finance Ltd.

Indiabulls Housing Finance Ltd

Srei Infrastructure Finance Ltd.

Industrial Finance Corporation of India

Bajaj Finance Ltd.

Hero Fincorp Ltd.

IL&FS Ltd.

Tata Motors Finance Ltd.

TATA Capital Financial Services Ltd.

YES BANK adjudged India Bond House for the Year 2013 by IFR Asia “YES BANK did more than its peers to bring new and lower-rated borrowers to the Indian bond market in 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 BANK successfully issued and placed the

GREEN INFRASTRUCTURE by an Indian company BOND

Year : 2015 | Sole Arranger: YES BANK | INR 10 Bn | 10 year Bond Issue League Table Rankings § 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

4 6

ACHIEVING INSTITUTIONAL EXCELLENCE ROBUST FINANCIAL PERFORMANCE

FINEST HUMAN CAPITAL

KNOWLEDGE BANKING

WORLD-CLASS BRANCH INFRASTRUCTURE

SERVICE EXCELLENCE

RESPONSIBLE BANKING

TRUST AND TRANSPARENCY

Registered Office: Nehru Centre, 9th Floor, Discovery of India, Dr. A.B. Road, Worli, Mumbai- 400018. India. www.yesbank.in For any queries, please contact: [email protected], +91 22 3372 9013, +91 22 3372 9078

Sep 2015

700 Branches Pan India | 1,300 ATMs