Published on 12/31/2012 in the Prospect News Emerging Markets Daily.
New Issue: India's Axis Bank prices Rs. 10 billion of 10-year notes to yield 9.15%
By Susanna Moon
Chicago, Dec. 31 - Axis Bank Ltd. said it priced Rs. 10 billion of 10-year subordinated lower tier 2 capital debentures at par to yield 9.15%.
Axis Bank is a Mumbai-based lender.
| Issuer: | Axis Bank Ltd.
|
| Issue: | Unsecured subordinated lower tier 2 capital debentures
|
| Amount: | Rs. 10 billion
|
| Maturity: | Dec. 31, 2022
|
| Coupon: | 9.15%
|
| Price: | Par
|
| Yield: | 9.15%
|
| Pricing date: | Dec. 31
|
| Distribution: | Private placement
|
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