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Axis Bank raises $800 million through dual bond sale
Axis Bank successfully raised $800 million through a dual tranche dollar bond, tapping into the Reserve Bank of India's concessional swap facility. The bank secured $500 million via an Additional Tier 1 perpetual issue and $300 million from a five-year senior bond. Both issuances attracted significant investor interest, closing within initial price guidance and highlighting the bank's strong position in international markets.
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economictimes.indiatimes.com
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Indian lenders are poised to issue approximately $1.5 billion in foreign-currency bonds this week, driven by a new, cost-effective hedging facility. Power Finance Corp is leading…
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Axis Bank raises $800 million through dual bond sale
Axis Bank successfully raised $800 million through a dual tranche dollar bond, tapping into the Reserve Bank of India's concessional swap facility. The bank secured $500 million…