Axis Bank Ltd.

Further to the letter no. AXIS/CO/CS/243/2017-18 dated 22.06.2017, relating to Prior Intimation Regarding Issue of Non-Convertible Debt Securities, Axis Bank has informed that the Board of Directors of the Bank has approved the allotment of 35,000 Unsecured Subordinated Perpetual Additional Tier 1 Basel III compliant Non-convertible Debentures (Sr-28) of the FV of Rs10 lakh each for cash at par aggregating to Rs 3,500 crore on a private placement basis.  The Bank has successfully issued Rs 3,500 crore Basel III compliant AT 1 (Additional Tier 1) Debentures through private placement to augment the Tier 1 capital base. The perpetual Debentures with a 5 year call are priced at a fine coupon rate of 8.75%. The said Debentures are rated CRISIL AA+/Stable by CRISIL, ICRA AA+(hyb) by ICRA and IND AA+ by India Ratings & Research.

The above information is a part of company’s filings submitted to BSE.