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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