9.15% Axis Bank Limited (INE238A08344)

Axis Bank Limited, a Private Sector Bank company, has floated Debenture, having ISIN value as INE238A08344, with a face value of ₹10,00,000 rs on 31Dec12 to raise 2500 crores. The debt instrument is issued with a coupon rate of 9.15% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Secured Debenture is 9.15% Unsecured Redeemable Non-Convertible Subordinated Debenture. Date of Maturity 31/12/2022. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 09Jan13 & on NSE stock exchange on 08Jan13. CARE Ratings Limited has given WITHDRAWN rating to this Debenture on 31Dec12. This issuer is formerly known as UTI BANK LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.