Axis Bank raises $500 million through green bonds’ issuance

Axis Bank has raised $500 million through the issue of green bonds in the international market. While the final price of the bonds was 1.6 per cent over the US treasury, the initial price was 1.75 per cent over it. The bonds were oversubscribed by 2.2 times. The bank had collaborated with six investment banks including the Bank of America Merrill Lynch, Citibank and Credit Agricole for the issue. The bonds were listed on the London Stock Exchange.