Axis Bank plots loan return despite overflowing market
India’s Axis Bank is close to mandating a $200m three year loan, the borrower’s second international outing in less than 12 months. But with so many Indian banks in the market, Axis will have to differentiate itself from rivals to get commitments.
Axis is talking to several potential leads about the deal and is expected to mandate soon. But the borrower faces an uphill struggle to convince lenders that have gorged on Indian bank credits over the last year to sign up.
"Theres a bit of exposure management to look at,"
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