AXIS Bank issues Bonds aggregating to $500 mn

AXIS Bank has issued Senior Fixed Rate Bonds aggregating to USD 500,000,000 (USD Five Hundred Million only) under the GMTN Programme through its Dubai International Financial Centre (DIFC) branch. The notes will be listed at the Singapore Stock Exchange and London Stock Exchange.

The Notes have been priced at 130 basis points over the 5-year US Treasury Note, at a yield of 3.113%. The Notes will be denominated in US dollars, and will bear fixed interest of 3.00% per annum, payable semi-annually in arrears.

Shares of AXIS BANK LTD. was last trading in BSE at Rs.516.4 as compared to the previous close of Rs. 516.15. The total number of shares traded during the day was 261851 in over 3073 trades.

The stock hit an intraday high of Rs. 523.4 and intraday low of 511.5. The net turnover during the day was Rs. 136018316.

Source : Equity Bulls

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