Allotment of NCD

AXIS/CO/CS/447/2022-23

December 13, 2022

SUB: ALLOTMENT OF UNSECURED, RATED, LISTED, SUBORDINATED, TAXABLE, NON- CONVERTIBLE, BASEL-III COMPLIANT TIER II BONDS (SERIES - 30) ON A PRIVATE PLACEMENT BASIS

REF: REGULATION 30 OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015.

This is with reference to our letter no. AXIS/CO/CS/435/2022-23 dated December 7, 2022 intimating about the proposed raising of funds by issue of unsecured, rated, listed, subordinated, taxable, non-convertible, Basel III compliant Tier II bonds aggregating to total issue size up to Rs. 12,000 Crores.

We now wish to inform that the Committee of Whole-time Directors of the Bank, has today approved the allotment of 12,000 unsecured, rated, listed, subordinated, taxable, non-convertible, Basel III compliant Tier II bonds (Series - 30) of the face value of Rs. 1 crore each ("Bonds"), for cash, at par aggregating to Rs. 12,000 crore at a coupon rate of 7.88% p.a. payable annually, on a private placement basis.

The said Bonds are rated "AAA/Stable" by India Ratings and Research Private Limited and AAA/Stable by ICRA Limited. Disclosure as required pursuant to SEBI Circular no.  CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed as Annexure A.

You are requested to take note of above and arrange to bring it to the notice of all concerned.

Thanking you,

Yours Sincerely,

For Axis Bank Limited

Sandeep Poddar

Company Secretary

 http://www.rns-pdf.londonstockexchange.com/rns/5601J_1-2022-12-13.pdf