Axis Bank rotates into green bonds

The bank joins a quartet of green bond issuers from the Indian financial sector as Asian investors brace themselves for a deluge of deals.

Axis Bank rotates into green bonds

Axis Bank became the fourth and largest green bond issuer from the Indian financial sector on Monday, raising $500 million from a debut deal. 

The five-year Reg S144a transaction came into a market preparing itself for a deluge of bonds from issuers of all hues over the coming two weeks. Overshadowing them all is a prospective jumbo transaction from China's Three Gorges Corporation, which could raise more than $3 billion, according to...

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