Axis Bank has successfully secured USD 300 million from international investors, aimed at bolstering its growth initiatives. With a coupon rate of 5.348 percent, the newly issued senior notes will be listed on the India International Exchange and NSE IFSC. This issuance aligns with all necessary regulatory standards, demonstrating the bank's commitment to growth.
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Axis Bank issues $300 million Senior Unsecured Notes at 5.348% with a "Baa3" rating from Moody's, enhancing NRI client leverage.
ICICI Bank and Axis Bank raise $300 million each in U.S. dollar debt market for the second time in two months.
