On private placement basis
Axis Bank has allotted 26,000 Senior Unsecured Taxable Redeemable Non-Convertible Debentures (SERIES- 6) of the face value of Rs. 10 lakh each (Debentures), for cash, at par aggregating to Rs. 2,600 crore at coupon rate of 6.99% p.a. payable annually, on a private placement basis. Interest will be payable annually on 22 December 2021 each year till maturity as per terms of the said issuance. The debentures are redeemable at par at the end of 10 years (redemption date being 22nd December 2031).Powered by Capital Market - Live News