Axis Bank has raised Rs 12000 crore through allotment of 12,000 unsecured, rated, listed, subordinated, taxable, nonconvertible, Basel III compliant Tier II bonds (Series - 30) of the face value of Rs 1 crore each (Bonds), for cash, at a coupon rate of 7.88% p.a. payable annually, on a private placement basis. The said bonds are rated ‘AAA/Stable’ by India Ratings and Research and ‘AAA/Stable’ by ICRA.
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.
