Axis Bank to raise up to ₹4,175 crore via NCDs | Editorji
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Axis Bank to raise up to ₹4,175 crore via NCDs

Jan 30, 2020 19:04 IST

Private sector lender Axis Bank on Thursday said it plans to raise up to ₹4,175 crores through the issuance of non-convertible debentures (NCDs) on a private placement basis. The coupon rate for the issue will be 7.65% per annum, the bank said in an exchange filing.

The said debentures rated 'AAA/Stable' by rating agencies CRISIL and ICRA, will be listed on the wholesale debt market segment of BSE and NSE.

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