Axis to mobilise $350 m overseas for Male airport

The country's third largest private sector lender Axis Bank is leading a consortium of banks to raise $350 million in overseas loans through syndication to fund GMR Infrastructure's Male International Airport project in Maldives.

According to Sidharth Rath, president, corporate banking, infrastructure business, Axis Bank, the bank entered into a contract for funding GMR Infrastructure's Male International Airport project a fortnight back.

The size of the project is $500 million of which Axis Bank is funding $350 million through a consortium of four to five banks.

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