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Board of Axis Bank approves private placement of NCDs aggregating Rs 5000 cr

Capital Market 

At meeting held on 15 June 2017

The Board of Directors of have on 15 June 2017 approved the allotment of 50,000 Unsecured Redeemable Non-Convertible Subordinated Debentures, Basel- III Compliant Tier 2 Debentures (Series - 27) of the face value of Rs.10 lakh each for cash at par aggregating to Rs. 5,000 crore, on a private placement basis. The said Debentures will be listed on the Wholesale Debt Market segment of the BSE and National Stock Exchange of India.

The said Debentures are rated 'CRISIL AAA' by CRISIL, 'ICRA AAA hyb' by ICRA and 'IND AAA' by India Ratings & Research (Ind-Ra).

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(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Board of Axis Bank approves private placement of NCDs aggregating Rs 5000 cr

At meeting held on 15 June 2017

At meeting held on 15 June 2017

The Board of Directors of have on 15 June 2017 approved the allotment of 50,000 Unsecured Redeemable Non-Convertible Subordinated Debentures, Basel- III Compliant Tier 2 Debentures (Series - 27) of the face value of Rs.10 lakh each for cash at par aggregating to Rs. 5,000 crore, on a private placement basis. The said Debentures will be listed on the Wholesale Debt Market segment of the BSE and National Stock Exchange of India.

The said Debentures are rated 'CRISIL AAA' by CRISIL, 'ICRA AAA hyb' by ICRA and 'IND AAA' by India Ratings & Research (Ind-Ra).

Powered by Capital Market - Live News

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Board of Axis Bank approves private placement of NCDs aggregating Rs 5000 cr

At meeting held on 15 June 2017

The Board of Directors of have on 15 June 2017 approved the allotment of 50,000 Unsecured Redeemable Non-Convertible Subordinated Debentures, Basel- III Compliant Tier 2 Debentures (Series - 27) of the face value of Rs.10 lakh each for cash at par aggregating to Rs. 5,000 crore, on a private placement basis. The said Debentures will be listed on the Wholesale Debt Market segment of the BSE and National Stock Exchange of India.

The said Debentures are rated 'CRISIL AAA' by CRISIL, 'ICRA AAA hyb' by ICRA and 'IND AAA' by India Ratings & Research (Ind-Ra).

Powered by Capital Market - Live News

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22