Private sector Axis Bank is planning to raise $16.2 million or Rs 106 crore by floating bonds through its Dubai financial centre branch. In this regards, the board of directors of the Bank has passed resolution approving allotment of 1 year senior fixed rate notes of $ 16,200,000.
The bonds are to be floated under its medium term note (MTN) programme through its Dubai International Financial Centre (DIFC) branch.
Axis Bank is the third largest private sector bank in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.