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Scheffler, McIlroy Headline Tour Championship Field At East Lake●Gross FDI climbs as net inflows turn positive●Gaja Alternative IPO listing date today. GMP hints up to 12% listing pop●Nifty outlook for September series: Can the 50-stock index continue its up move?●Oil falls on easing concerns of renewed tensions as the U.S. pivots to economic pressure on Iran●Outward remittances under LRS up at $2.5 billion●Axis Bank set to raise $700 million through ECB swap facility●China rushes to develop Moderna-style cancer vaccines amid market frenzy●Scheffler, McIlroy Headline Tour Championship Field At East Lake●Gross FDI climbs as net inflows turn positive●Gaja Alternative IPO listing date today. GMP hints up to 12% listing pop●Nifty outlook for September series: Can the 50-stock index continue its up move?●Oil falls on easing concerns of renewed tensions as the U.S. pivots to economic pressure on Iran●Outward remittances under LRS up at $2.5 billion●Axis Bank set to raise $700 million through ECB swap facility●China rushes to develop Moderna-style cancer vaccines amid market frenzy●

Asia

Axis Bank set to raise $700 million through ECB swap facility

Markets-Economic Times · 1h ago · 🇮🇳 India

Axis Bank set to raise $700 million through ECB swap facility

Axis Bank is set to secure seven hundred million dollars through a dedicated external commercial borrowing facility. This loan features two tranches with tenures of three and five years. The arrangement is spearheaded by CTBC Bank from Taiwan and United Overseas Bank from Singapore, with significant contributions from the World Bank's IFC. Additional banks are anticipated to participate as the syndication phase unfolds.

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