Axis Bank to raise $10 mn from Dubai centre

Axis Bank today said its board has approved raising USD 10 million by allotting debt securities through MTN programme to be launched from Dubai international centre.
The board of directors of the bank has passed a resolution approving the allotment of 3 year senior floating rate notes aggregating to USD 10 million under the MTN programme, the bank said in a regulatory filing.
It said the capital will be raised through its Dubai International Financial Centre (DIFC) branch.
Last week, the private sector Axis Bank had informed about raising USD 16.2 million by floating bonds through its Dubai financial centre branch.

Shares of Axis Bank closed 0.41 per cent down at Rs 487.20 on BSE.