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)
4 1
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