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.
(If you have a story in and around Mumbai, you have our ears, be a citizen journalist and send us your story here. )
(To receive our E-paper on WhatsApp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)
