By Rebecca Melvin
New York, Oct. 17 – Axis Bank Ltd. sold a $50 million tap of its 3¼% notes due May 21, 2020, taking the size of that issue to a total of $800 million, according to a news release.
The capital was raised under the GMTN program through its Dubai International Financial Centre branch.
The notes will be consolidated to form a single series with the $250 million of notes issued on March 11, 2105 and the original $500 million 3¼% senior notes due 2020 priced in November 2014.
The bank is based in Mumbai.
| Issuer: | Axis Bank Ltd.
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| Amount: | $50 million
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| Maturity: | May 21, 2020
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| Description: | Add-on to 3¼% notes due 2020
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| Coupon: | 3¼%
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| Settlement date: | Oct. 16
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| Distribution: | Regulation S
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| Total issue size: | $800 million
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