Axis Bank Ltd.

BSE: 532215 | NSE: AXISBANK
Large Cap | Bank - Private
1040.80
-20.75 (-1.95%)
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Axis hires five banks for $500-mn bond issue

Date: 20-10-2010

Axis Bank has hired five banks to sell $500 million of dollar-denominated bonds. Bank of America Merrill Lynch, Citigroup Inc, Deutsche Bank AG, JPMorgan Chase & Co and Royal Bank of Scotland (RBS) will help the Mumbai-based Axis sell notes with maturities of as much as 5 1/2 years. Axis is looking at expanding its international business and is planning to use this money for overseas operations.

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