Axis Bank has finalised the pricing of its $350-million, 5.5-year issue under its existing $2 billion A European Medium Term Note programme. The transaction was priced at 275 basis points more than similar maturity US treasuries . Even though Axis Bank’s original deal size was $300 million, the transaction was upsized to $350mn to accom modate the additional investor demand. Execution of the Axis deal was swift with the transaction pricing within 10 hours of announcement.
Axis Bank fixes pricing of overseas bonds
Axis Bank has finalised the pricing of its $350-million, 5.5-year issue under its existing $2 billion A European Medium Term Note programme.
This article was first uploaded on March twenty-seven, twenty ten, at twenty-eight minutes past eleven in the night.
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