Axis Bank announced that the committee of Board of Directors on 28 December 2018 has approved the allotted 30,000 Senior Unsecured Redeemable Nonconvertible Debentures of the face value of Rs. 1 0 lakh each (Debentures), for cash, at par aggregating to Rs. 3,000 crore at coupon rate of 8.60% p.a., on a private placement basis.
The said Debentures is rated "AAA/Stable" by CRISIL, and "AAA" by ICRA.