ICICI Bank, Axis Bank tap dollar debt again in less than two months: Report

ICICI Bank and Axis Bank have returned to the U.S. dollar debt market, each looking to raise $300 million through upcoming bond issues, set to close for subscription next week. Notably, last month saw ICICI Bank raise a substantial $1 billion while Axis Bank secured $800 million. This bond issuance utilizes the Reserve Bank of India's hedging facility to facilitate smoother transactions.