REG - Axis Bank Ltd - SENIOR UNSECURED REDEEMABLE NCD

Axis BankAnnouncement

28/12/2018 11:40

RNS Number : 7302L
Axis Bank Limited
28 December 2018
 


AXIS/CO/CS/798/2018-19
 
28th December 2018
 
                                                            
Dear Sirs,
 
SUB: ALLOTMENT OF SENIOR UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES (SERIES- 4) OF RS.10 LAKH EACH FOR CASH AT PAR AGGREGATING TO RS. 3000 CRORE ON A PRIVATE PLACEMENT BASIS
 
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 21st December, 2018, 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 allotted 30,000 Senior Unsecured Redeemable Non-Convertible Debentures of the face value of Rs. 10 lakh each (Debentures), for cash, at par aggregating to Rs. 3,000 Crore at coupon rate of 8.60% p.a., on a private placement basis.
 
The said Debentures is rated "AAA/Stable" by CRISIL, and "AAA" 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.
 
Thanking you,
 
Yours Sincerely,
 
For Axis Bank Limited
 
 
 
Girish V. Koliyote
Company Secretary
 
 




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