# ICICI Bank, Axis Bank tap dollar debt again, raise $300m each 2026-08-08T19:54:43+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet ICICI Bank and Axis Bank have returned to the US dollar debt market for the second time in under two months, each raising $300 million, thehindubusinessline.com reports quoting merchant bankers. ICICI Bank's five-year bonds carry a coupon of 5.3520%, while Axis Bank is reissuing its 5.3480% June 2031 bonds, taking the outstanding to $600 million. Both private placements close next week and will be listed on India's IFSC exchanges. The issues come under RBI's lower-cost hedging facility, which caps hedging cost at 1.5% annually. Last month, ICICI Bank raised $1 billion in the largest such issue by an Indian lender in 14 years. ## Coverage - thehindubusinessline.com Tags: Axis Bank, dollar bonds, ECB, ICICI Bank, private placement, RBI hedging facility Canonical: https://indianopinion.org/icici-bank-axis-bank-tap-dollar-debt-again-raise-300m-each/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/icici-bank-axis-bank-tap-dollar-debt-again-raise-300m-each/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.