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Axis Bank Ltd.
BSE: 532215 | NSE: AXISBANK
Large Cap | Bank - Private
1233.10
2.55 (0.21%) Axis Bank mops up $250 million via overseas bonds issue
Date: 23-08-2012Axis 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.