trending Market Intelligence /marketintelligence/en/news-insights/trending/hglm_cwqhgs-ypcelh1nkg2 content esgSubNav
In This List

India's Axis Bank sets up US$5B note program

Blog

Insight Weekly: Bank oversight steps up; auto insurers’ dismal year; VC investment slumps

Blog

Banking Essentials Newsletter: 3rd May Edition

Blog

Banking Essentials Newsletter: 19th April Edition

Video

According to Market Intelligence, April 2023


India's Axis Bank sets up US$5B note program

India's Axis Bank Ltd. said Oct. 1 that it established a global medium-term note program worth US$5 billion.

Notes issued under the program will be listed on the London Stock Exchange and the Singapore Exchange Securities Trading Ltd.

The lender plans to use net proceeds from each issuance under the scheme to boost its overseas operations, among other things.

Axis Bank Ltd.'s Singapore branch, Citigroup Global Markets Singapore Pte. Ltd., The Hongkong and Shanghai Banking Corp. Ltd. and Standard Chartered Bank are the program's arrangers and dealers.