Axis Bank to raise up to ₹4,175 crore via NCDs | Editorji
  1. home
  2. > markets
  3. > Axis Bank to raise up to ₹4,175 crore via NCDs
replay trump newslist
up NEXT IN 5 SECONDS sports newslist
tap to unmute
00:00/00:00
NaN/0

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.