Yes Bank AT1 bonds: Supreme Court overturns write-off, but will investors get coupon payments? What’s the entire matter

Yes Bank is unlikely to pay coupons due this year on its AT-1 bonds, despite the Supreme Court overturning their 2020 write-off. The bank is reportedly preparing to seek a review, while bondholders seek clarity on unpaid coupons. Yes Bank says its capital ratio could fall by about 250 basis points.

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