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Private Sector Bank
Loan & Debt17 Aug 2026, 08:20 pm

Axis Bank Prices $300M Senior Notes Under GMTN Programme

AI Summary

Axis Bank Limited has successfully priced U.S.$300,000,000 5.179 per cent. Senior Notes, forming Series 32, Tranche 1, under its existing U.S.$5,000,000,000 Global Medium Term Notes (GMTN) Programme. The notes were issued at 99.976 per cent. of the aggregate nominal amount, with an issue date of August 21, 2026, and a maturity date of November 21, 2029. Interest will be paid at a fixed rate of 5.179 per cent. per annum, semi-annually in arrears. The proceeds are intended for use as outlined in the Offering Circular. These notes will be listed on the Global Securities Market of India International Exchange (IFSC) Limited and the Debt Securities Market of NSE IFSC Limited. This issuance is in compliance with the Listing Regulations.

Key Highlights

  • Axis Bank priced $300 million in Senior Notes.
  • Notes carry a 5.179% fixed annual interest rate.
  • Maturity date set for November 21, 2029.
  • Listing on India INX and NSE IFSC.
  • Part of the bank's $5 billion GMTN Programme.