India's Axis Bank approves sale of $20 million of senior notes

By Ashley Montgomery

Kansas City, Kan., Dec. 3 - Axis Bank Ltd.'s board of directors has approved a $20 million issue of senior notes, according to a filing with the London Stock Exchange.

The notes will be issued under the company's medium-term note program through its Hong Kong branch.

Axis Bank is a Mumbai, India-based lender.

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