Axis Bank raises $30.6 mn via foreign securities

Indian private sector lender Axis Bank, today raised debt security of $30.6 million in the international market under a Medium Term Note (MTN) programme.

"Axis Bank has passed a resolution approving the allotment of Senior Notes aggregating to USD 30,600,000 under the MTN Programme," Axis Bank said in a filing to the Bombay Stock Exchange.

The debt security has been raised through its Dubai International Centre branch.

Axis Bank, formerly UTI Bank (See: UTI Bank to change name to Axis Bank), is the third-largest private Indian bank after ICICI Bank and HDFC Bank.