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Axis Bank set to raise $500 million through Reg S bonds

18 Nov 2014 Evaluate
Axis Bank acting through its DIFC (Dubai International Financial Centre) branch is all set to raise at least $500 million through Regulation S (Reg S) bonds. This is the bank’s first dollar bond issue in almost three years. 

It is a Reg S bond issue which means the bonds are offered to non-US residents and qualified institutional buyers under an exception to US securities laws enacted in 1990, and do not enjoy the same legal protection as other issues.

The tenure of the bonds is 5.5 years. The bonds have been rated ‘Baa2’ by Moody’s and ‘BBB’ by Fitch and S&P. The issue arrangers are HSBC, Barclays, Credit Agricole, JP Morgan and Standard Chartered Bank.

Axis Bank Share Price

1292.35 -3.75 (-0.29%)
07-May-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 795.85
ICICI Bank 1277.70
Axis Bank 1292.35
Kotak Mahindra Bank 379.35
Indusind Bank 946.60
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