Axis Bank Limited has successfully issued ₹35,000 crore in debt instruments, as part of its strategic capital-raising initiative. The allotment of Series-8 debentures was completed on September 5, 2024.
The debentures, which have a 10-year maturity with redemption at par set for September 5, 2034, will pay interest annually on each September 5 until maturity. This issuance follows the approvals obtained from the bank’s Board of Directors on April 24, 2024, and the ratification by shareholders at the 30th Annual General Meeting on July 26, 2024.
The Series-8 debentures were issued in multiple tranches across domestic and international markets, aimed at bolstering the bank’s capital base and supporting its expansion efforts.
