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Axis Bank to raise $16.2 million via bonds

Axis Bank to raise $16.2 million via bonds

Thursday, March 23, 2017, 6:55 AM

Private sector Axis Bank will raise $16.2 million (Rs 106 crore) by floating bonds through its Dubai financial centre branch. The board of directors has passed the resolution approving the allotment of 1 year senior fixed rate notes of $16,200,000, Axis Bank said. The bonds are to be floated under its medium-term note (MTN) programme through its Dubai International Financial Centre (DIFC) branch.
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