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Prospect News home > News index > List of issuers A > Headlines for Axis Bank Ltd. > News item
Published on 6/12/2017 in the Prospect News Emerging Markets Daily.

India’s Axis Bank may sell Rs. 50 billion of subordinated debentures

By Tali Rackner

Minneapolis, June 12 – Axis Bank Ltd. informed the Bombay Stock Exchange that it is proposing to issue up to Rs. 50 billion of series 27 unsecured redeemable nonconvertible subordinated debentures.

The tier 2 notes would be Basel 3 compliant and issued with a face value of Rs. 1 million each, according to a notice.

The bank is based in Mumbai.


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