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Axis Bank moves up on raising $250 million via overseas bonds issue

23 Aug 2012 Evaluate

Axis Bank is currently trading at Rs. 1111.00, up by 0.25 points or 0.02% from its previous closing of Rs. 1110.75 on the BSE.

The scrip opened at Rs. 1117.65 and has touched a high and low of Rs. 1118.80 and Rs. 1107.50 respectively. So far 28454 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1309.00 on 21-Feb-2012 and a 52 week low of Rs. 784.50 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs. 1121.90 and Rs. 1097.40 respectively. The current market cap of the company is Rs. 45922.28 crore.

The promoters holding in the company stood at 37.30% while Institutions and Non-Institutions held 41.15% and 13.08% respectively. 

Axis Bank has raised $250 million through selling of overseas dollar bonds at a coupon of 5.13%. This fresh sale is only re-opening of the bank’s existing 5.125% senior unsecured notes due 2017.

Barclays, Bank of America Merrill Lynch, Citigroup, HSBC, JP Morgan, and Standard Chartered Bank acted as joint book-runners and lead managers for the bond sale.

Following the bond issue, the bank has joined its larger peers like SBI and ICICI Bank to sell overseas dollar bonds. Recently, the largest private sector lender ICICI Bank had raised $750 million from dollar bonds sale in a 5.5-year fixed rate notes carrying a coupon of 4.70%, through its Dubai branch.

Axis Bank Share Price

1353.65 -5.50 (-0.40%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 795.40
ICICI Bank 1356.00
Axis Bank 1353.65
Kotak Mahindra Bank 379.20
Indusind Bank 852.10
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