Date: July 7, 2026

Fundraising Disclosure

Axis Bank Limited has completed the pricing of its USD-denominated Additional Tier 1 Notes under its existing Global Medium Term Notes (GMTN) programme. This issuance represents Tranche 2 of Series 31 under the programme.

Key Issuance Details:

Instrument Type: Additional Tier 1 Notes issued under the Global Medium Term Note Programme in accordance with RBI Guidelines

Series Number: 31

Tranche Number: 2

Currency: USD

Aggregate Nominal Amount:

  • Series: U.S.$600,000,000
  • Tranche: U.S.$100,000,000

Pricing Details:

  • Issue price: 100.30% of the Aggregate Nominal Amount
  • Issue date: July 14, 2026
  • No maturity date (perpetual instrument)

Interest Terms:

  • Interest basis: Fixed rate
  • Coupon: 6.875% per annum
  • Payment schedule: Payable semi-annually in arrear on each Interest Payment Date as defined in the Offering Circular

Structural Features:

  • The notes will be consolidated and form a single series with the U.S.$500,000,000 6.875% Additional Tier 1 Notes issued on June 30, 2026
  • No charge/security created over assets
  • No special rights/interest/privileges attached to the instrument
  • Use of proceeds: As set out in the Offering Circular dated December 26, 2025

Regulatory Context:

  • This disclosure is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Follows previous communications referenced AXIS/CO/CS/493/2025-26 dated December 26, 2025 and AXIS/CO/CS/181/2026-27 dated June 23, 2026
  • The notes have not been and will not be offered or sold to any person resident in India
  • The offering is not registered under the U.S. Securities Act of 1933

Additional Information:

  • No details provided regarding redemption of preference shares
  • No comments regarding payment/non-payment of interest or principal
  • No delay in payment of interest/principal for more than three months reported

Not Specified:

  • KMP / Board / Auditor Changes
  • Dividend Declaration or Non-Declaration
  • Board Meeting Outcomes
  • Financial Results
  • Auditor's Report
  • Disinvestment / Strategic Actions
  • Media Release / Investor Communication