7.66% Axis Bank Limited - AAA Rated (INE238A08435)

Axis Bank Limited, a Private Sector Bank company, has floated Debenture, having ISIN value as INE238A08435, with a face value of ₹10,00,000 rs on 15Jun17 to raise 5000 crores. The debt instrument is issued with a coupon rate of 7.66% 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 7.66% UNSECURED REDEEMABLE NON CONVERTIBLE SUBORDINATED BASEL III COMPLIANT TIER 2 DEBENTURES. SERIES 27. DATE OF MATURITY 15/06/2027. 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 23Jun17 & on BSE stock exchange on 28Jun17. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 13Jun17. 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.