Axis Bank Limited Issuance of NCDs (Series 8)

RNS Number : 3721C

Axis Bank Limited

30 August 2024

 

 

 

AXIS/CO/CS/316/2024-25

 

August 30, 2024

 

 

Dear Sir(s),

 

Sub:	Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Listing Regulations")

 

This is in reference to our letter no. AXIS/CO/CS/50/2024-25 dated April 24, 2024, and AXIS/CO/CS/239/2024-25 dated July 26, 2024, intimating the stock exchanges of the approvals from the Board of Directors and members of Axis Bank Limited (the "Bank"), respectively, for raising an amount upto Rs. 35,000 Crore (Rupees Thirty-Five Thousand Crore only), by issue of debt instruments.

 

We now wish to inform you that the Bank proposes to raise funds by issuing Fully paid, Senior, Rated, Listed, Unsecured, Taxable, Redeemable, Long Term Non-Convertible Debentures (Series - 8) - Base issue of Rs. 2,000 Crore (Rupees Two Thousand Crore) and green shoe option to retain oversubscription of Rs. 2,000 Crore (Rupees Two Thousand Crore) thereby aggregating Rs. 4,000 Crore (Rupees Four Thousand Crore), on a private placement basis.

 

This is for your information and records.

 

Thanking You.

 

Yours faithfully,

 

For Axis Bank Limited

 

 

 

 

Sandeep Poddar

Company Secretary

 

                     http://www.rns-pdf.londonstockexchange.com/rns/3721C_1-2024-8-30.pdf

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