8.45% Axis Bank Limited - AAA Rated (INE238A08369)

Axis Bank Limited, a Private Sector Bank company, has floated Debenture, having ISIN value as INE238A08369, with a face value of ₹10,00,000 rs on 12Feb15 to raise 850 crores. The debt instrument is issued with a coupon rate of 8.45% 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 Unsecured Debenture is 8.45% UNSECURED REDEEMABLE NON CONVERTIBLE BASEL III COMPLIANT TIER 2 BONDS IN THE NATURE OF DEBENTURES. SERIES 22. DATE OF MATURITY 12/02/2025. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 18Feb15 & on BSE stock exchange on 19Feb15. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 02Feb15. 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.