New Delhi, Nov. 21 -- Axis Bank, the country's fourth-largest private sector lender, informed investors through an exchange filing today, November 21, that it is looking to raise Rs.5,000 crore through the issuance of fully paid, senior, rated, listed, unsecured, taxable, redeemable, long-term non-convertible debentures under Series-9 on a private placement basis.

This is part of its previously announced Rs.35,000 crore fundraise via debt securities. The bank stated that the issuance will include a base of Rs.2,000 crore, with a green shoe option to retain oversubscription of Rs.3,000 crore, thereby aggregating Rs.5,000 crore on a private placement basis.

In July, the Board of Directors of the bank approved raising an amount of up to Rs...