Axis Bank Limited — Capital/Financing Update 2021

Dec 22, 2021

AXIS/CO/CS/507/2021-22

22[nd] December 2021

Listing & Compliance Department Listing Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor 1[st] Floor, New Trading Ring, Rotunda Building Plot No. C/1, “G” Block P. J. Towers, Dalal Street Bandra-Kurla Complex Fort, Bandra (E), Mumbai – 400 051 Mumbai – 400 001 NSE Symbol: AXISBANK BSE Scrip Code: 532215

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 22[nd] 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 22[nd] 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 Digitally signed by RAJESH KUMAR KUMAR DAHIYA Date: 2021.12.22 DAHIYA 16:36:52 +05'30' Rajesh Dahiya

Executive Director (Corporate Centre)

CC: London Stock Exchange Singapore Stock Exchange

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