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-Axis Bank hikes INR10bn via debt sale.

Global Banking News-December 21, 2010--Axis Bank hikes INR10bn via debt sale(C)2010 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 21 December 2010(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

India's Axis Bank Limited (532215.BO) (AXBK.NS) has raised INR10bn through the sale of short-term debt, Dow Jones has reported, citing a person familiar with the matter.

Certificates of deposit, with a maturity of three-months and paying a yield of 9.00 percent, have been placed privately by the bank, the person said. The bank may raise more funds through the same note, he added.

No further details, including the end use of the funds, have been disclosed.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))

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Publication:Telecomworldwire
Date:Dec 21, 2010
Words:135
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