ABL-6.99%-22-12-31-PVTABL-6.99%-22-12-31-PVTABL-6.99%-22-12-31-PVT

ABL-6.99%-22-12-31-PVT

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Key terms


Outstanding amount
‪26.00 B‬INR
Face value
1,000,000.00INR
Minimum denomination
1,000,000.00INR
Coupon
6.99% (Fixed)
Coupon frequency
Annual
Yield to maturity
Maturity date
Dec 22, 2031
Term to maturity
7 years

About ABL-6.99%-22-12-31-PVT


Sector
Finance
Industry
Major Banks
Home page
Issue date
Dec 22, 2021
ISIN
INE238A08476
FIGI
BBG0145MPGM9
Axis Bank Ltd. engages in the provision of financial solutions to retail, small and medium enterprises, government, and corporate businesses. It operates through the following segments: Treasury, Retail Banking, Corporate or Wholesale Banking, and Other Banking Business. The Treasury segment includes investments in sovereign and corporate debt, equity and mutual funds, trading operations, derivative trading and foreign exchange operations on the proprietary account and for customers and central funding. The Retail Banking segment constitutes lending to individuals or small businesses subject to the orientation, product and granularity criterion and also includes low value individual exposures not exceeding the threshold limit. It also covers liability products, card services, internet banking, ATM services, depository, financial advisory services and NRI services. The Corporate or Wholesale Banking segment involves in corporate relationships, advisory services, placements and syndication, management of public issue, project appraisals, capital market related and cash management services. The Other Banking Business segment encompasses para banking activities such as third party product distribution and other banking transactions. The company was founded on December 3, 1993 and is headquartered in Mumbai, India.
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