Axis Bank raises USD 500 mn from bonds

Private sector Axis Bank today said it has raised USD 500 million from bonds to fund global business.
The bank has issued senior fixed rate bonds aggregating to USD 500 million under the Medium Term Note (MTN) Programme through its Dubai International Financial Centre (DIFC) branch, Axis Bank said in a regulatory filing.
The notes will be listed at the Singapore Stock Exchange and London Stock Exchange, it said.
The notes have been priced at 130 basis points over the 5-year US Treasury Note, at a yield of 3.113 per cent, it said.
The notes will be denominated in US dollars, and will bear fixed interest of 3 per cent per annum, payable semi- annually in arrears, it said.