Axis Bank to raise $500 million via green bonds
As per media reports, Axis Bank is raising $500 million through dollar-denominated green bonds, the first such issue by an Indian bank in international markets. Axis Bank is the fifth domestic lender to sell green bonds, with the first being Yes Bank, which raised ₹1,000 crore through rupee-denominated bonds last year. Green bonds are used to fund renewable energy projects.