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Exchange Received Time  15/06/2017 18:36:35 Exchange Disseminated Time 15/06/2017 18:36:42 Time Taken 00:00:07 | Further to our letter no. AXIS/CO/CS/213/2017-18 dated 12.06.2017, relating to 'Prior Intimation Regarding Issue of Non-Convertible Debt Securities', we are pleased to inform that the Board of Directors of the Bank have today 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 Limited and National Stock Exchange of India Limited. The said Debentures are rated 'CRISIL AAA' by CRISIL Limited, 'ICRA AAA hyb' by ICRA Limited and 'IND AAA' by India Ratings & Research Pvt. Ltd. (Ind-Ra). You are requested to take note of above and arrange to bring it to the notice of all concerned. |
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