Axis Financial institution allots NCDs price Rs 2600 crore

on non-public placement foundation

Axis Financial institution has allotted 26,000 Senior Unsecured Taxable Redeemable Non-convertible Debentures (Collection-6) of face worth of Rs. 10 lakhs every (debentures), for money, aggregating to Rs. 2,600 crore at a coupon price of 6.99% payable yearly on non-public placement foundation. As per the phrases of the stated situation, curiosity will likely be payable yearly until maturity on December 22, 2021. The debentures are redeemable at par on the finish of 10 years (redemption date 22 December 2031).

operated by Capital Markets – Stay Information

(This story has not been edited by Enterprise Normal staff and is robotically generated from a syndicated feed.)

Expensive reader,

Enterprise Normal has all the time labored laborious to offer up to date info and commentary on occasions which can be of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on the way to enhance our providing has additional strengthened our resolve and dedication to those beliefs. Even throughout these tough occasions arising out of COVID-19, we’re dedicated to protecting you knowledgeable and up to date with related information, authoritative views and sharp feedback on related related points.
Nonetheless, we have now a request.

As we grapple with the financial influence of the pandemic, we want your help much more in order that we are able to proceed to give you extra high quality content material. Our subscription mannequin has obtained an encouraging response from lots of you who’ve subscribed to our on-line content material. Subscribing to extra of our on-line content material can solely assist us obtain our objectives of offering you with higher and extra related content material. We consider in unbiased, unbiased and credible journalism. Your help by means of extra subscriptions may help us apply the journalism we’re dedicated to.

help high quality journalism and Subscribe to Enterprise Normal,

digital editor

First revealed: Wed, 22 December 2021. 18:11 IST

Supply hyperlink