Allen & Overy has advised its long standing client Axis Bank in connection with its Rule 144A / Regulation S offering of senior unsecured notes due 2022. The dollar-denominated 5-year 3.00% bond raised USD500 million for the Indian issuer and marked the first Rule 144A / Regulation S transaction by an Indian bank this year.

Axis Bank is a leading private sector bank and financial services company in India offering a wide range of products and services to corporate and retail customers through a variety of delivery channels. The bank has a nationwide distribution network and is among the largest private sector banks in India in terms of branch outlets and ATM networks.

Commenting on the transaction, Allen & Overy partner Amit Singh said: "We are delighted to have advised our long standing client Axis Bank on their bond issuance. We remain extremely active on bond issuances from India and across the Asia Pacific region, for financial institutions and corporates alike."

The Allen & Overy team in Hong Kong was led by partner Amit Singh, with support from lawyers David Cameron and Debolina Saha.