Axis Bank Regs Regulatory News (AXB)

Ref

:

Allotment of Fully Paid, Senior, Rated, Listed, Unsecured, Taxable, Redeemable, Long Term Non-Convertible Debenture (Series -7)

Sub

:

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

Sr No.

Particulars

Details

i.

Size of the issue

Rs. 3,851 crore

ii.

Whether proposed to be listed? If yes, name of the stock exchange(s);

Yes

(i) BSE Limited

(ii) National Stock Exchange of India Limited

iii.

Tenure of the instrument - date of allotment and date of maturity;

Tenure: 10 years

Date of allotment: March 7, 2024

Date of maturity: March 7, 2034

iv.

Coupon / interest offered, schedule of payment of coupon / interest and principal;

Coupon: 7.64% p.a.

Interest will be payable annually on March 7 each year till maturity of the Debentures.

The Debentures are redeemable at par at the end of 10 years i.e. on March 7, 2034

v.

Charge / security, if any, created over the assets;

NA. The Debentures are unsecured.

vi.

Special right / interest / privileges attached to the instrument and changes thereof;

There are no special rights/ privileges attached to the Debentures.

vii.

delay in payment of interest / principal amount for a period of more than three months from the due date or default in payment of interest / principal;

NA

viii.

details of any letter or comments regarding payment / non-payment of interest, principal on due dates, or any other matter concerning the security and /or the assets along with its comments thereon, if any;

NA

ix.

details of redemption of preference shares indicating the manner of redemption (whether out of profits or out of fresh issue) and debentures;

The Debentures are redeemable at par at the end of 10 years i.e. on March 7, 2034.