Axis Bank approved the allotment of 41,750 Senior Unsecured Redeemable Non-Convertible Debentures of the face value of Rs. 10 lakh each, for cash, at par aggregating to Rs. 4, 175 Crore 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 said Debentures will be listed on the Wholesale Debt Market segment of the BSE Limited and National Stock Exchange of India Limited.