Axis Bank Sells $250-Million Bonds to Global Investors

Mumbai: Axis Bank on Wednesday managed to price its $250-million on-tap 10-year bond sale to international investors at the same rate of 3.25 per cent at which it had sold bonds last November. The notes, issued by the bank's Dubai International Finance Centre branch, are denominated in US dollars and bear a fixed interest of 3.25 per cent, the private sector lender said, adding that they are due in 2020. The money raised will...