Further to letter dated 21st December, 2018, relating to 'Prior Intimation Regarding Issue of Non-Convertible Debt Securities', Axis Bank has informed that the Committee of Whole-time Directors of the bank, today approved the allotted 30,000 Senior Unsecured Redeemable Non-convertible Debentures of the face value of Rs 10 lakh each (Debentures), for cash, at par aggregating to Rs 3,000 Crore at coupon rate of 8.60% p.a., on a private placement basis. The said Debentures is rated ‘AAA/Stable’ by CRISIL, and ‘AAA’ by ICRA. The said Debentures will be listed on the Wholesale Debt Market segment of the BSE and National Stock Exchange of India.
The above information is a part of company’s filings submitted to BSE.
