Axis Finance Limited has made an issuance of rated, listed, secured, taxable, redeemable non-convertible debentures (NCDs) aggregating up to $41.75 million on a private placement basis.
CMS INDUSLAW advised Axis Finance on this NCD issuance.
The transaction team consisted of Abir Lal Dey (Partner), Khushi Sharma (Associate) and Soham Dwibedi (Associate).
The team had also advised Axis Finance on their $45 million NCD issuance last month.
The issuance comprised a base issue of ₹100 crore and a green shoe option of up to ₹300 crore. The debentures were listed on the BSE Limited, with Catalyst Trusteeship Limited acting as the Debenture Trustee.
The successful issuance reinforces Axis Finance's continued access to the domestic debt capital markets and supports the diversification of its funding sources, enhancing its liquidity profile and funding flexibility. The proceeds will provide long-term capital to support the company's lending activities and asset-liability management strategy.
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