Axis Bank allots NCDs aggregating Rs 3,925 cr

On private placement basis

Axis Bank has today allotted 3,92,500 Fully Paid, Senior, Rated, Listed, Unsecured, Taxable, Redeemable, Long Term Non-Convertible Debenture (Series 8) of face value Rs. 1,00,000/- each (Debentures) at par aggregating to Rs. 3,925 crore at a coupon rate of 7.45% p.a. payable annually, on a private placement basis.

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