Private sector lender Axis Bank is considering issuing 10-year infrastructure bonds at a coupon of around 7.85 per cent, sources told Business Standard.
A coupon is the rate of interest paid out to investors purchasing bonds.
“They are looking for a 10-year infrastructure bond and discussions are on with end-investors. Some insurance firms have indicated interest and Axis Bank is considering issuing to the market too,” said a source aware of the developments.
“It may or may not happen before the Budget, some investors could be waiting for the Budget to get over (on February 1). 7.85 per cent is