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India's Axis Bank launches $350 million 51/2-year bonds
By Christine Van Dusen
Atlanta, March 25 - India's Axis Bank is planning a $350 million issue of 51/2-year bonds (/BBB-/), a market source said.
The offering follows the bank's decision in November to cancel a planned dollar-denominated offering of benchmark bonds after a roadshow in Singapore, Hong Kong and London.
Other details were not available Thursday.
Axis Bank is a Mumbai, India-based financial services company.
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