Loan & Debt7 Jul 2026, 05:20 pm
Axis Bank Prices USD 100M AT1 Notes Under GMTN Programme
AI Summary
Axis Bank Limited has announced the pricing of its issuance of USD 100,000,000 Additional Tier 1 (AT1) Notes, Series 31, Tranche 2, under its existing Global Medium Term Notes (GMTN) programme. The notes carry a fixed rate coupon of 6.875% per annum, payable semi-annually, and will be consolidated with previously issued AT1 notes. The issuance is in compliance with SEBI Listing Regulations and will be listed on India INX and NSE IX. The proceeds will be used as detailed in the Offering Circular.
Key Highlights
- Axis Bank priced USD 100M in Additional Tier 1 Notes.
- Notes priced at 100.30% with a 6.875% fixed coupon.
- Issuance is part of the existing Global Medium Term Notes programme.
- Notes will be listed on India INX and NSE IX.
- Proceeds to be used as per the Offering Circular.
Price Impact
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