Axis Bank Completes Pricing for USD Denominated Additional Tier 1 Notes under GMTN Programme
Axis Bank Limited has finalized the pricing process for its issuance of USD denominated Additional Tier 1 (AT 1) Notes, which are being added to the existing Global Medium Term Note (GMTN) programme. These AT 1 Notes will be integrated into a single series alongside previous U.S.$500,000,000 6.875 per cent. Additional Tier 1 Notes issued on June 30, 2026.The structure and terms for the newly priced notes are as follows:
| Particulars | Details |
|---|---|
| Type of instrument | Additional Tier 1 under the Global Medium Term Note Programme in accordance with RBI Guidelines (as defined in the Offering Circular dated December 26, 2025) |
| Series number | 31 |
| Tranche number | 2 |
| Currency | USD |
| Aggregate nominal amount | |
| Series | U.S.$600,000,000 |
| Tranche | U.S.$100,000,000 |
| Issue price | 100.30 per cent. of the Aggregate Nominal Amount |
| Issue date | July 14, 2026 |
| Coupon/interest offered | 6.875 per cent. per annum payable semi-annually in arrear on each Interest Payment Date (as defined in the Offering Circular) |
The notes are designated as Additional Tier 1 under the GMTN programme. The issuance includes a nominal amount of U.S.$600,000,000 across Series and Tranche levels. These instruments carry a fixed coupon rate of 6.875 per cent. per annum, with payments scheduled semi-annually in arrears.
Key details regarding the listing and security aspects of the instrument include:
| Listing Detail | Details |
|---|---|
| Method of distribution | Non-Syndicated |
| Charge/security created over assets | NA |
| Special right interest privileges attached to the instrument | NIL |
The issuance is intended for investors, and details regarding the use of proceeds are set out in the Offering Circular.
AXISBANK Stock Price Movement
Shares of Axis Bank Limited settled today, shedding 0.25% to close at ₹1341.00 after the post-market trading session. The stock saw a volume of 6.2 million shares traded as it ended in negative territory.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.