Axis Bank to issue 5-month CD -traders

29/09/2022 4:21:11 PM | Source: Reuters

Axis Bank to issue 5-month CD -traders

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India's Axis Bank plans to raise funds through the sale of certificates of deposit maturing in five months, three merchant bankers said on Thursday.

The private lender will offer a yield of 6.80% on the issue and has received commitments worth around 25 billion Indian rupees ($305.2 million), the bankers said.

The notes are rated A1+ by CRISIL and will mature on Feb. 28. ($1 = 81.9220 Indian rupees)

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Axis Bank to issue 5-month CD -traders

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