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Axis Bank raises $ 500 Million via bonds from overseas market
Wednesday, 03 November 2010, 18:00 IST
New Delhi: Private sector lender Axis Bank today said that it has raised $ 500 million (about 
2,250 crore) from bonds subscribed mainly by the U.S. and European banks and pension funds.
The bank's wholly-owned branch in the Dubai International Finance. Centre priced $500 million Senior Unsecured Notes 2016 at 4.75 percent, Axis Bank said in a statement.
The notes are denominated in U.S. dollars and bear fixed interest payments of 4.75 percent with interest payable semi-annually in arrears, it said, adding, it distributed to a diverse investor base comprising asset management companies, banks, pension funds and others in the U.S., Europe and Asia.
The offering, which enabled Axis Bank Ltd to diversify its investor base, was the bank's debut issuance, the statement said.
Source: PTI
2,250 crore) from bonds subscribed mainly by the U.S. and European banks and pension funds.
The bank's wholly-owned branch in the Dubai International Finance. Centre priced $500 million Senior Unsecured Notes 2016 at 4.75 percent, Axis Bank said in a statement.
The notes are denominated in U.S. dollars and bear fixed interest payments of 4.75 percent with interest payable semi-annually in arrears, it said, adding, it distributed to a diverse investor base comprising asset management companies, banks, pension funds and others in the U.S., Europe and Asia.
The offering, which enabled Axis Bank Ltd to diversify its investor base, was the bank's debut issuance, the statement said.
Source: PTI