Axis Bank Raises $800 Million Through Dual Bond Sale

Axis Bank Secures $800 Million in Dual Bond Offering

Axis Bank has successfully raised $800 million by launching a dual tranche dollar bond, utilizing the Reserve Bank of India's favorable swap facility. The bank garnered $500 million through an Additional Tier 1 perpetual bond and an additional $300 million via a five-year senior bond.

Both offerings saw robust demand from investors and closed within the initial price guidance, underscoring Axis Bank's solid standing in the global financial market.