AXIS Bank Raises $500 mn Senior Notes in the International Market

AXIS Bank Ltd has on June 01, 2016 allotted Senior Fixed Rate Green Bonds aggregating to USD 500,000,000 (USD Five Hundred Million only) under the MTN Programme through its Dubai International Financial Centre (DIFC) branch. The notes will be listed at the Singapore Stock Exchange and London Stock Exchange.

The Notes have been priced at 160 basis points over the 5-year US Treasury Note, at a price of 99.479% to yield 2.988%. The Notes will be denominated in US dollars, and will bear fixed interest of 2.875% per annum, with interest payable semi-annually in arrears.

Shares of AXIS BANK LTD. was last trading in BSE at Rs.524.35 as compared to the previous close of Rs. 513.35. The total number of shares traded during the day was 391537 in over 8773 trades.

The stock hit an intraday high of Rs. 525 and intraday low of 506.9. The net turnover during the day was Rs. 202508093.

Source : Equity Bulls

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