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Axis Bank raises $600 mn via AT1 notes
TIWN
TIWN
PHOTO : TIWN
Mumbai, Sep 2 (TIWN) Private lender Axis Bank raised $600 million via Sustainable Additional Tier 1 (AT1) notes in the overseas markets on September 1.
According to the bank, the dollar-denominated, Basel III-compliant AT1 notes were priced at 4.10 per cent, 30 bps lower than the initial guidance. "The offering witnessed an overwhelming response from the investors, especially high- quality real money investors, with the order book being 3.8 times oversubscribed ahead of the Final Pricing Guidance announcement," the bank said in a statement on Thursday.
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