- Axis Bank plans to raise Rs 5,000 crore via Non-Convertible Debentures (NCDs)
- The fundraising is part of a Rs 35,000 crore board-approved debt securities plan
- Funds will be raised through senior, rated, listed, unsecured, taxable NCDs
Private sector lender Axis Bank on Friday said it plans to raise Rs 5,000 crore through Non-Convertible Debentures (NCDs) to fund business growth.
This is part of the bank's board-approved Rs 35,000 crore fundraising plan via the issue of debt securities on a private placement basis.
The bank proposes to raise funds by issuing fully paid, senior, rated, listed, unsecured, taxable, redeemable, long-term Non-Convertible Debentures up to Rs 5,000 crore on a private placement basis, Axis Bank said in a regulatory filing.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.