 "Axis Bank to raise $ 500 mn via bonds")
Axis Bank acting through its DIFC (Dubai International Financial Centre) branch is set to raise at least $ 500 million through Regulation S (Reg S) bonds.
This is the bank's first dollar bond issue in almost three years. It is a Reg S bond issue which means the bonds are offered to non-US residents and qualified institutional buyers under an exception to US securities laws enacted in 1990, and do not enjoy the same legal protection as other issues.
The tenure of the bonds are 5.5 years. The bonds have been rated 'Baa2" by Moody's, 'BBB' by Fitch and S&P. The issue arrangers are HSBC, Barclays, Credit Agricole, JP Morgan and Standard Chartered Bank.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app