Axis Bank has closed its senior unsecured redeemable non-convertible debenture (NCD) issue of amount Rs 57.05 billion and priced at 8.85% per annum payable annually maturing on December 05, 2024. The NCDs are issued in Rupees at a fixed coupon and the proceeds shall be utilized for enhancing long term resources for funding infrastructure and affordable housing. The NCDs shall be allotted to eligible investors on December 05, 2014. The issue was managed by the Debt Capital Markets team of Axis Bank and again reaffirms its leading position in Indian Corporate Bond Markets. The NCD's are rated AAA by CRISIL & ICRA.
Axis Bank has 2,505 domestic branches & extension counters and 13,146 ATMs across the country, as on 30th September 2014, the network of Axis Bank spreads across 1,686 cities and towns, enabling the Bank to reach out to a large cross-section of customers with an array of products and services.
