REG - Axis Bank Ltd Axis Bank Ltd (144A) - Allotment of NCD

Axis BankAnnouncement

13/12/2022 11:45

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RNS Number : 5601J  Axis Bank Limited  13 December 2022

AXIS/CO/CS/447/2022-23

 

December 13, 2022

 

SUB: ALLOTMENT OF UNSECURED, RATED, LISTED, SUBORDINATED, TAXABLE, NON-
CONVERTIBLE, BASEL-III COMPLIANT TIER II BONDS (SERIES - 30) ON A PRIVATE
PLACEMENT BASIS

 

REF:  REGULATION 30 OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING
OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015.

 

This is with reference to our letter no. AXIS/CO/CS/435/2022-23 dated December
7, 2022 intimating about the proposed raising of funds by issue of unsecured,
rated, listed, subordinated, taxable, non-convertible, Basel III compliant
Tier II bonds aggregating to total issue size up to           Rs.
12,000 Crores.

 

We now wish to inform that the Committee of Whole-time Directors of the Bank,
has today approved the allotment of 12,000 unsecured, rated, listed,
subordinated, taxable, non-convertible, Basel III compliant Tier II bonds
(Series - 30) of the face value of Rs. 1 crore each ("Bonds"), for cash, at
par aggregating to Rs. 12,000 crore at a coupon rate of 7.88% p.a. payable
annually, on a private placement basis.

 

The said Bonds are rated "AAA/Stable" by India Ratings and Research Private
Limited and AAA/Stable by ICRA Limited. Disclosure as required pursuant to
SEBI Circular no.  CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed as
Annexure A.

 

You are requested to take note of above and arrange to bring it to the notice
of all concerned.

 

Thanking you,

 

Yours Sincerely,

For Axis Bank Limited

 

 

 

Sandeep Poddar

Company Secretary

 

 

 http://www.rns-pdf.londonstockexchange.com/rns/5601J_1-2022-12-13.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/5601J_1-2022-12-13.pdf)

 

 

 

 

 

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