Allotment of Securities

AXIS/CO/CS/507/2021-22

22nd December 2021

SUB: ALLOTMENT OF SENIOR UNSECURED TAXABLE REDEEMABLE NON CONVERTIBLE DEBENTURES (SERIES- 6) OF RS.10 LAKH EACH FOR CASH AT PAR AGGREGATING TO RS. 2,600 CRORE ON A PRIVATE PLACEMENT BASIS.

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

We are pleased to inform that the Committee of Whole-time Directors of the Bank, has today approved the allotment of 26,000 Senior Unsecured Taxable Redeemable Non-Convertible Debentures (SERIES- 6) of the face value of Rs. 10 lakh each ("Debentures"), for cash, at par aggregating to Rs. 2,600 Crore at coupon rate of 6.99% p.a. payable annually, on a private placement basis. Interest will be payable annually on December 22nd each year till maturity as per terms of the said issuance. The debentures are redeemable at par at the end of 10 years (redemption date being 22nd December 2031). There are no special rights/ privileges attached to the debentures.

The said Debentures are rated "AAA/Stable" by CRISIL Limited and AAA/Stable by ICRA Limited.

The said Debentures will be listed on the Wholesale Debt Market segment of the BSE Limited and National Stock Exchange of India Limited.

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

Rajesh Dahiya

Executive Director (Corporate Centre)