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

Axis BankAnnouncement

22/12/2021 11:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211222:nRSV5077Wa&default-theme=true

RNS Number : 5077W  Axis Bank Limited  22 December 2021

AXIS/CO/CS/507/2021-22

 

22(nd) December 2021

 

SUB: ALLOTMENT OF SENIOR UNSECURED TAXABLE REDEEMABLE NON CONVERTIBLE
DEBENTURES (SERIES- 6) OF RS.10 LAKH EACH FOR CASH AT PAR AGGREGATING TO RS.
2,600 CRORE ON A PRIVATE PLACEMENT BASIS.

 

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

 

We are pleased to inform that the Committee of Whole-time Directors of the
Bank, has today approved the allotment of 26,000 Senior Unsecured Taxable
Redeemable Non-Convertible Debentures (SERIES- 6) of the face value of Rs. 10
lakh each ("Debentures"), for cash, at par aggregating to Rs. 2,600 Crore at
coupon rate of 6.99% p.a. payable annually, on a private placement basis.
Interest will be payable annually on December 22(nd) each year till maturity
as per terms of the said issuance. The debentures are redeemable at par at the
end of 10 years (redemption date being 22(nd) December 2031). There are no
special rights/ privileges attached to the debentures.

 

The said Debentures are rated "AAA/Stable" by CRISIL Limited and AAA/Stable by
ICRA Limited.

 

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.

 

Thanking you,

 

Yours Sincerely,

For Axis Bank Limited

 

 

 

Rajesh Dahiya

Executive Director (Corporate Centre)

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCZZMZZMZVGMZM