Axis Bank completes pricing for USD denominated Senior Notes under Global Medium Term Note Programme
Axis Bank Limited has completed the pricing of its issuance of USD denominated Senior Notes, which are part of the bank's existing Global Medium Term Notes (GMTN) programme. These new notes will be consolidated and form a single series with U.S.$300,000,000 5.348 per cent. Senior Notes issued under the larger U.S.$5,000,000,000 Global Medium Term Note Programme.The issuance involves Senior Notes that fall under the GMTN programme and are set to be listed on international exchanges.
Key details of the pricing for the new notes have been reported as follows:
| Particulars | Details |
|---|---|
| Type of instrument | Senior Notes under the Global Medium Term Note Programme in accordance with RBI Guidelines (as defined in the Offering Circular dated December 26, 2025) |
| Series number | 30 |
| Tranche number | 2 |
| Currency | USD |
| Aggregate nominal amount (i)Series | U.S.$600,000,000 |
| Aggregate nominal amount (ii)Tranche | U.S.$300,000,000 |
| 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 |
The notes offer a fixed interest rate of 5.348 per cent. per annum, which is payable semi-annually in arrears on each Interest Payment Date as defined in the Offering Circular. The use of proceeds for this instrument was noted as set out in the Offering Circular.
Details pertaining to the listing and distribution method are also available:
| Particulars | Details |
|---|---|
| Listing | Global Securities Market of the India International Exchange (IFSC) Limited (India INX) and Debt Securities Market of the NSE IFSC Limited (NSE IX) |
| Method of distribution | Non-Syndicated |
| Charge/security created over the assets | NA |
AXISBANK Stock Price Movement
Shares of Axis Bank Limited slipped by 0.8% today, closing at ₹1261.8 after the market session. The bank's shares settled following a day of trading that accounted for 5.69 million shares.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.
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