Axis Bank Ltd.

Axis Bank has raised Rs 4,175 crore through the allotment of 41,750 Senior Unsecured Redeemable Non-Convertible Debentures of the face value of Rs 10 lakh each (Debentures), for cash, at coupon rate of 7.65% p.a. on a private placement basis. The said debentures is rated ‘AAA/Stable’ by CRISIL and ‘AAA/Stable’ by ICRA.

The Board of Directors of the Company at its meeting held on January 30, 2020 has allotted the same

Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of services to customer segments covering Large and0020Mid-Corporates, SME, Agriculture and Retail Businesses.