AXIS BANK LTD. - 532215 - ALLOTMENT OF SENIOR UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES (SERIES- 5) OF RS.10 LAKH EACH FOR CASH AT PAR AGGREGATING TO RS. 4,175 CRORE ON A PRIVATE PLACEMENT BASIS
Further to our letter dated 24th January 2020, relating to 'Prior Intimation Regarding Issue of Non-Convertible Debt Securities', we are pleased to inform that the Committee of Whole-time Directors of the Bank, today approved the allotment of 41,750 Senior Unsecured Redeemable Non-Convertible Debentures of the face value of Rs. 10 lakh each (Debentures), 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. You are requested to take note of above and arrange to bring it to the notice of all concerned.30-01-2020