Axis Bank is planning to raise around $100 million from International Finance Corporation (IFC). The World Bank's investment arm will invest in fixed-rate, infrastructure bond issued by Axis Bank. IFC's participation is expected to attract sufficient liquidity from other high-quality domestic and foreign investors to support the bond issue.
Axis Bank is the third largest private sector bank in India, with assets of around $64 billion as of September 30, 2014. It offers the entire spectrum of financial services to customer segments covering infrastructure, large and mid-corporate, MSME, agriculture and retail businesses.
