Axis Bank to Allot Debentures Worth Rs. 4,175 crore on Private Placement Basis

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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.

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