How much is Axis Bank looking to raise via debt securities?

Axis Bank plans to raise up to ₹5,000 crore via debt securities on a private placement basis.

What is Axis Bank's overall fundraising plan?

The bank aims to raise ₹350 billion via debt and ₹200 billion through shares, with the current ₹5,000 crore issuance being part of this.

When did Axis Bank announce its fundraising plans?

The larger fundraising plan, of which this debt issuance is a part, was announced in April.

Home / Business and Economy / Axis Bank Aims to Raise ₹5,000 Crore Via Debt

Axis Bank Aims to Raise ₹5,000 Crore Via Debt

21 Nov

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Summary

Axis Bank plans to raise ₹5,000 crore through debt securities.
The fundraise includes ₹20 billion in debentures and a ₹30 billion green shoe option.
This is part of a larger plan to raise ₹350 billion via debt and ₹200 billion via shares.

Axis Bank Aims to Raise ₹5,000 Crore Via Debt

Axis Bank has unveiled plans to significantly bolster its capital through a substantial debt issuance. The financial institution intends to raise as much as ₹5,000 crore (approximately $559 million) by offering debt securities via private placement.

This proposed fundraising comprises ₹20 billion allocated for debentures and an additional ₹30 billion available through a green shoe option, providing flexibility in the amount raised. The bank has not yet disclosed a specific timeline for completing this debt placement.

The current debt fundraising initiative is an integral part of a larger financial strategy that Axis Bank outlined in April. At that time, the bank had announced its intention to raise ₹350 billion through various debt instruments and ₹200 billion through equity shares.

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