Axis Bank has announced the allotment of 5,00,000 Fully Paid, Senior, Rated, Listed, Unsecured, Taxable, Redeemable, Long Term Non-Convertible Debentures (Series – 9) at a face value of ₹1,00,000 each, aggregating to ₹5,000 Crore. The debentures have a coupon rate of 7.27% p.a. payable annually, and are rated ‘CRISIL AAA/Stable’ by CRISIL Ratings Limited.
Debenture Allotment Details
Axis Bank’s Committee of Whole-time Directors approved the allotment of 5,00,000 Fully Paid, Senior, Rated, Listed, Unsecured, Taxable, Redeemable, Long Term Non-Convertible Debentures (Series – 9). This allotment was made on a private placement basis.
Financial Aspects
The face value of each debenture is ₹1,00,000, with the total issue size aggregating to ₹5,000 Crore. The coupon rate for these debentures is set at 7.27% p.a., which will be paid annually.
Debenture Ratings and Redemption
The debentures have received a ‘CRISIL AAA/Stable’ rating from CRISIL Ratings Limited, ‘[ICRA]AAA/Stable’ by ICRA Limited, and ‘Ind AAA/Stable’ by India Ratings & Research Private Limited. The debentures are redeemable at par at the end of 10 years, i.e., on November 26, 2035.
Key Dates
The date of allotment for the debentures is November 26, 2025, and the maturity date is November 26, 2035.
Source: BSE
