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BRIEF-Axis Bank to issue of non-convertible subordinated debentures up to 50 bln rupees
June 12, 2017 / 12:46 PM / 5 months ago

BRIEF-Axis Bank to issue of non-convertible subordinated debentures up to 50 bln rupees

June 12 (Reuters) - Axis Bank Ltd

* Says to raise funds via issue non convertible subordinated debentures up to 50 billion rupees Source text: [Axis Bank Limited has informed the Exchange that the Bank proposes to raise funds by issuing Unsecured Redeemable Non-Convertible Subordinated Debentures, Basel- III Compliant Tier 2 Debentures (Series 27) of the face value of Rs.10 lakh each for cash at par aggregating to Rs. 5,000 Crore. The Board of Directors of the Bank will consider the proposal to issue and allot the above Securities through Circular Resolution.] Further company coverage:

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