Axis Bank has successfully priced U.S.$300,000,000 of its 5.179 per cent. Senior Notes due November 21, 2029. These notes are issued under the bank’s existing Global Medium Term Notes (“GMTN”) Programme. The pricing reflects a rate of 99.976 per cent. of the aggregate nominal amount. The transaction signifies ongoing capital raising activities for the bank to support its operations and growth initiatives.
Axis Bank Prices Senior Notes
Axis Bank Limited has announced the successful pricing of its new debt issuance, comprising U.S.$300,000,000 aggregate nominal amount of 5.179 per cent. Senior Notes. These notes mature on November 21, 2029. The issuance is part of the bank’s existing Global Medium Term Notes (“GMTN”) Programme, valued at U.S.$5,000,000,000.
Key Details of the Issuance
The pricing of the Notes was set at 99.976 per cent. of the Aggregate Nominal Amount. The interest rate of 5.179 per cent. per annum will be payable semi-annually in arrear on each Interest Payment Date. The issue date for these Senior Notes is scheduled for August 21, 2026. This move is in furtherance to the bank’s ongoing capital management strategy and its commitment to accessing international debt markets.
Programme and Use of Proceeds
These Senior Notes are issued under the bank’s established GMTN Programme, structured in accordance with applicable RBI Guidelines and detailed in the Offering Circular dated December 26, 2025. The specific use of proceeds from this issuance is outlined within the aforementioned Offering Circular. The 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”).
Source: BSE
