Axis Bank issues bonds to raise Rs 12,000 cr

Axis Bank issues bonds to raise Rs 12,000 cr

The bonds have been rated AAA by India Ratings and are considered stable.

FPJ Web DeskUpdated: Tuesday, December 13, 2022, 08:27 PM IST
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According to an exchange filing, Axis Bank has issued 12,000 unsecured, rated, taxable, non-convertible bonds, worth Rs 1 crore each to raise Rs 12,000 crore.

The bonds with a tenure of 10 years will deliver an annual payout on the basis of a 7.88 per cent coupon rate, are rated AAA, and are hence stable.

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