Axis Bank has successfully priced its issuance of USD 600,000,000 denominated Senior Notes under its Global Medium Term Notes (GMTN) programme. These new notes will consolidate with existing Senior Notes, bringing the total to U.S.$300,000,000 at a fixed rate of 5.348% per annum. The issuance price was 99.544% of the Aggregate Nominal Amount, with an issue date of August 11, 2026, and maturity on June 30, 2031.
Axis Bank Prices New Senior Notes Issuance
Axis Bank announced today the successful pricing of its latest offering of U.S.$600,000,000 Senior Notes. This issuance is part of the Bank’s existing Global Medium Term Notes (GMTN) programme and was completed by its Gift City Branch. The pricing took place on August 4, 2026.
Key Details of the Notes
The newly priced Senior Notes will be consolidated with and form a single series with the existing U.S.$300,000,000, 5.348 per cent. Senior Notes under the U.S.$5,000,000,000 Global Medium Term Note Programme. The aggregate nominal amount of this tranche is U.S.$300,000,000.
Key terms of the issuance are as follows:
- Type of Instrument: Senior Notes under the Global Medium Term Note Programme.
- Series Number: 30
- Tranche Number: 2
- Currency: USD
- Aggregate Nominal Amount: U.S.$600,000,000
- Issue Price: 99.544 per cent. of the Aggregate Nominal Amount plus accrued interest from and including 30 June 2026 to but not including 11 August 2026.
- Issue Date: August 11, 2026
- Maturity Date: June 30, 2031
- Interest Basis: Fixed rate
- Coupon/Interest Offered: 5.348 per cent. per annum, payable semi-annually in arrear.
Listing and Regulatory Information
These Senior Notes are listed on the Global Securities Market of the India International Exchange (IFSC) Limited (“India INX”) and the Debt Securities Market of the NSE IFSC Limited (“NSE IX”).
The Bank is making this disclosure in compliance with applicable provisions of Listing Regulations.
Source: BSE
