Axis Bank to allot NCDs aggregating Rs 3000 cr

On private placement basis

Axis Bank announced that the committee of Board of Directors on 28 December 2018 has approved the allotted 30,000 Senior Unsecured Redeemable Nonconvertible Debentures of the face value of Rs. 1 0 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.

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