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India’s Axis Bank plans up to Rs. 40 billion issue of senior debentures
By Marisa Wong
Los Angeles, March 1 – Axis Bank Ltd. is proposing to raise funds by offering senior redeemable long-term non-convertible debentures with a base issue size of Rs. 10 billion, according to a notice.
The deal will include an oversubscription option of Rs. 30 billion, for an aggregate issuance of up to Rs. 40 billion.
The bank is based in Mumbai.
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