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Axis Bank approves $50 mln note placement

Mon Sep 29, 2008 7:39pm IST
 
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MUMBAI (Reuters) - Axis Bank said on Monday its board had approved a private placement of $50 million of senior notes under its medium-term note programme.

In a statement to the stock exchange, Axis said the placement was done through its Hong Kong branch. It did not say with who it had placed the debt.

  Smoke and fire billows out of the Taj Hotel in Mumbai November 27, 2008.   REUTERS/Jayanta Shaw
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