Axis Bank is planning to raise funds by issuing unsecured, rated, listed, subordinated, taxable, non-convertible, Basel III compliant Tier II bonds aggregating to total issue size up to Rs 12,000 crore. The offer comprises of a base issue of up to 1,000 bonds aggregating to Rs 1,000 crore with a green shoe option to retain oversubscription of up to 11,000 bonds aggregating to Rs 11,000 crore.
Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.
