India's Axis Bank to sell up to Rs. 30 billion in debt instruments

By Devika Patel

Knoxville, Tenn., June 1 - Axis Bank Ltd. said its board of directors approved the issuance of up to Rs. 30 billion of debt instruments in fiscal year 2009/2010.

The company will sell up to Rs. 5 billion in tier 1 debt instruments and up to Rs. 25 billion in tier 2 debt instruments in one or more tranches on a private placement basis.

The debt instruments may be denominated in Indian rupees or foreign currencies.

Axis is a Mumbai, India-based bank.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.