Axis raises $500m with Indian bank reopener
Indian lender Axis Bank raised $500m in the international bond market on Monday, becoming the first bank from the country to sell dollar bonds this year.
Barclays Capital, Citi, HSBC, JP Morgan and Standard Chartered Bank priced the September 2017 bonds to yield 440bp over Treasuries, at the end of final guidance set between 440bp and 450bp. The leads were able to cut guidance after generating around $750m of orders before London investors arrived ...
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