YES Bank AT1 retail bondholders are pressing the bank for clarity and payment of missed interest coupons after the Supreme Court overturns the original write-off of the bonds. Bondholders say a coupon due on October 18 is still unpaid and are seeking confirmation on whether payments are cancelled or remain outstanding, along with arrangements for a next coupon.
Outlets report similar pressure points but emphasise different angles. Times of India highlights bondholders citing Companies Act and Sebi obligations, as well as a court order that restores the bonds. Business Line - Home and The Economic Times both say sources expect Yes Bank may be unlikely to pay the coupons even after the ruling, pointing to the bank weighing legal options and potential discretion in the bond documentation. The Economic Times adds that Yes Bank is preparing to seek a review of the Supreme Court decision, while it notes the bank may only consider coupon issues after the bonds are reinstated on its balance sheet.
