REG - Axis Bank Ltd - Issue of Debt <Origin Href="QuoteRef">AXBK.NS</Origin>

Axis BankAnnouncement

28/05/2016 09:14

RNS Number : 5727Z
Axis Bank Limited
27 May 2016
Dear Sirs,
SUB: PRIVATE PLACEMENT OF UNSECURED REDEEMABLE NON CONVERTIBLE SUBORDINATED DEBENTURES (BASEL- III COMPLIANT TIER II DEBENTURES) (SERIES - 24)
REF: REGULATION 30 READ WITH PARA A OF PART A OF SCHEDULE III OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015
Further to our letter dated 25th May 2016 relating to 'Prior Intimation Regarding Issue of Non Convertible Debt Securities', we are pleased to inform that the Board of Directors of the Bank vide its Resolution passed by Circulation today i.e. on 27th May, 2016 allotted 24,300 Unsecured Redeemable Non Convertible Subordinated Debentures of the face value of Rs. 10 lakh each for cash at par aggregating to Rs. 2430 crores, on a private placement basis. The said Debentures will be listed on the Wholesale Debt Market segment of the BSE Limited and National Stock Exchange of India Limited.
The said Debentures are rated "AAA" by CRISIL, ICRA and India Ratings & Research Pvt. Ltd.
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
Girish V. Koliyote 
Company Secretary 

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