Billionaire Seeks Solace in Bonds After Share Sale Stumbles

Yes Bank Ltd.’s billionaire chief Rana Kapoor says he will consider bond sales every year to bolster capital, signaling a new-found appreciation of the debt market after a $1 billion share sale faltered in September. Strong investor interest in a 30-billion rupee perpetual bond sale last month has now given Kapoor confidence in similar transactions to raise his Mumbai-based bank’s buffers against potential losses, he told reporters last week.