Axis Bank bond

Axis Bank hits dollar market while Siam Commercial Bank lines up

Genting is also set to tap Singapore dollar liquidity with an upcoming perpetual.

Asia’s dollar bond market was off to another busy start on Monday, with Axis Bank, acting through its Dubai Financial Centre branch, launching a $500 million five-and-a-half-year bond early in the morning the first dollar bond from an Indian bank in nearly nine months.

According to Dealogic data, the last dollar bond issued by an Indian bank was State Bank of India’s $50 million two-year bond, issued through its London branch in June last year through J.P. Morgan.

Barclays Capital, Citi, HSBC, J.P. Morgan and Standard Chartered were joint bookrunners for Axis Bank’s latest senior bond. The initial guidance was released at the area of Treasuries...

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