Axis Bank raises Rs 3,000 crore via bonds on private placement basis

 Axis Bank on Friday said it has raised Rs 3,000 crore by allotting non-convertible debentures on a private placement basis. 

The resolution, the bank said, was passed on Friday at a meeting of the board of directors, deciding to allot 30,000 unsecured redeemable NCDs Stock Market Trading Tips

"... allotted 30,000 Senior Unsecured Redeemable Non-Convertible Debentures of the face value of Rs 10 lakh each for cash at par aggregating to Rs 3,000 crore on private placement basis," Axis Bank said in a regulatory filing. 

The said debentures will be listed on the Wholesale Debt Market segment of both BSE and NSE, the bank said. 

The said debentures are rated "AAA" by CRISIL, CARE and ICRA, it added Indian stock market astrology prediction

Axis Bank scrip closed 1.18 per cent higher at Rs 474.95 apiece on BSE on Friday.