By Rebecca Melvin
Concord, N.H., Dec. 22 – Axis Bank Ltd. notified the Bombay Stock Exchange that its committee of whole-time directors approved an allotment of Rs. 26 billion 6.99% senior debentures due Dec. 31, 2031, according to an announcement on Wednesday.
The series 6 debentures are being issued on a private placement basis.
They will be listed on the wholesale debt market segment of the BSE Ltd. and National Stock Exchange of India.
The bank is based in Mumbai.
| Issuer: | Axis Bank Ltd.
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| Amount: | Rs. 26 billion
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| Issue: | Senior debentures
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| Maturity: | Dec. 31, 2031
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| Coupon: | 6.99%
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| Price: | Par
|
| Yield: | 6.99%
|
| Announcement date: | Dec. 22
|
| Ratings: | Crisil: AAA
|
| ICRA: AAA
|
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