Linklaters and Khaitan & Co advised on Axis Bank’s US$800 million dual-tranche issuance under its existing US$5 billion Global Medium Term Note (GMTN) programme.
The offering comprised US$500 million Additional Tier 1 perpetual notes and US$300 million senior unsecured notes. The bonds are listed on the India INX and NSE IFSC (GIFT City) stock exchanges.
Linklaters advised Axis Bank on the issuance.
The Linklaters team was led by Partner and Head of the India Practice Amit Singh.
Khaitan & Co advised HSBC Bank, Axis Bank, Barclays Bank, BNP Paribas, Citigroup Global Markets, J.P. Morgan Securities, MUFG Securities Asia, Crédit Agricole, Emirates NBD, Mashreqbank and Société Générale, acting as managers in the transaction.
The Khaitan & Co deal team included Manisha Shroff, Rajshekhar Upadhyaya, Mayank Chaturvedi and Siddarth Goel.
