Axis Bank to Redeem US$600M AT1 Notes on Sep 8, 2026

Axis Bank Ltd has announced its decision to exercise the call option on its US$600,000,000 4.10 per cent. Additional Tier 1 Notes, originally issued on September 8, 2021. The bank will fully redeem these notes on the first call date, September 8, 2026, at par value plus accrued interest. This action follows the necessary approval from the Reserve Bank of India, and the bank has confirmed its capital position will remain robust post-redemption. A formal notice has been issued to the trustee, The Bank of New York Mellon, London Branch, for distribution to noteholders.