Private sector Axis Bank is planning to raise USD 16.2 million by floating bonds through its Dubai financial centre branch. In this regards, the board of directors of the Bank has passed resolution approving allotment of 1 year senior fixed rate notes of USD 16,200,000.

The bonds are to be floated under its medium term note (MTN) programme through its Dubai International Financial Centre (DIFC) branch.

Total volume of shares traded on the bourses today was lower by 78.72% to 2,064,759 compared with 22-day average volume of 9,704,024.

Shares of the bank gained Rs 2.7, or 0.56%, to trade at Rs 487.20. The total volume of shares traded was 115,085 at the BSE (10.17 a.m., Thursday).