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.

  • 10 Mar 2011

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.

"There’s a bit of exposure management to look at," ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 74,266.46 209 13.33%
2 Bank of America Merrill Lynch 64,298.92 202 11.54%
3 Wells Fargo Securities 55,583.74 178 9.98%
4 JPMorgan 40,447.01 140 7.26%
5 Credit Suisse 30,239.23 97 5.43%