13 Dec 2022 11:44
AXIS/CO/CS/447/2022-23
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December 13, 2022
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SUB: ALLOTMENT OF UNSECURED, RATED, LISTED, SUBORDINATED, TAXABLE, NON- CONVERTIBLE, BASEL-III COMPLIANT TIER II BONDS (SERIES - 30) ON A PRIVATE PLACEMENT BASIS
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REF: REGULATION 30 OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015.
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This is with reference to our letter no. AXIS/CO/CS/435/2022-23 dated December 7, 2022 intimating about the proposed raising of funds by issue of unsecured, rated, listed, subordinated, taxable, non-convertible, Basel III compliant Tier II bonds aggregating to total issue size up to Rs. 12,000 Crores.
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We now wish to inform that the Committee of Whole-time Directors of the Bank, has today approved the allotment of 12,000 unsecured, rated, listed, subordinated, taxable, non-convertible, Basel III compliant Tier II bonds (Series - 30) of the face value of Rs. 1 crore each ("Bonds"), for cash, at par aggregating to Rs. 12,000 crore at a coupon rate of 7.88% p.a. payable annually, on a private placement basis.
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The said Bonds are rated "AAA/Stable" by India Ratings and Research Private Limited and AAA/Stable by ICRA Limited. Disclosure as required pursuant to SEBI Circular no. Â CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed as Annexure A.
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You are requested to take note of above and arrange to bring it to the notice of all concerned.
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Thanking you,
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Yours Sincerely,
For Axis Bank Limited
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Sandeep Poddar
Company Secretary
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 http://www.rns-pdf.londonstockexchange.com/rns/5601J_1-2022-12-13.pdf
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