Axis Bank issues foreign currency debt
The Hindu
Axis Bank on Monday said it had started issuing debt securities under its ₹35,000-crore, debt-raise plan announced earlier this year. In April, the private sector lender had said its board had approv
Axis Bank on Monday said it had started issuing debt securities under its ₹35,000-crore, debt-raise plan announced earlier this year. In April, the private sector lender had said its board had approved a proposal to raise up to ₹35,000 crore by issuing various debt instruments in Indian or foreign currency in domestic/overseas markets in one or more tranches. “The bank has initiated the process of issuing of the debt instruments, in the form of the additional tier 1 notes in foreign currency,” Axis Bank said in a regulatory filing.
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