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Axis hires five banks for $500-mn bond issue

20 Oct 2010 Evaluate

Axis Bank has hired five banks to sell $500 million of dollar-denominated bonds. Bank of America Merrill Lynch, Citigroup Inc, Deutsche Bank AG, JPMorgan Chase & Co and Royal Bank of Scotland (RBS) will help the Mumbai-based Axis sell notes with maturities of as much as 5 1/2 years. Axis is looking at expanding its international business and is planning to use this money for overseas operations.

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Peers
Company Name CMP
HDFC Bank 708.00
ICICI Bank 1379.15
Axis Bank 1247.50
Kotak Mahindra Bank 418.70
Indusind Bank 977.80
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