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| Exchange Disseminated Time 27/05/2016 18:19:59 | With reference to the earlier letter dated May 25, 2016 relating to 'Prior Intimation Regarding Issue of Non Convertible Debt Securities', AXIS Bank Ltd has now informed BSE that the Board of Directors of the Bank vide its Resolution passed by Circulation on May 27, 2016 allotted 24,300 Unsecured Redeemable Non Convertible Subordinated Debentures of the face value of Rs. 10 lakh each for cash at par aggregating to Rs. 2430 crores, 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 "AAA" by CRISIL, ICRA and India Ratings & Research Pvt. Ltd. |
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