Indian Bank Plans Unusual Note Offering Riskier ESG Exposure
- Axis Bank is planning debut sustainable perpetual note
- Deal taps growing demand for hybrid debt, sustainable bonds
This article is for subscribers only.
An Indian bank is planning to tap the offshore market for its debut sustainable perpetual bond amid growing demand for both riskier bank debt and sustainable investments.
Axis Bank has hired banks to arrange investor meetings ahead of a potential Basel-compliant additional Tier I note sale, the proceeds of which are earmarked for green and social projects, a person familiar with the matter said on Monday.