Transaction Details
Axis Bank Limited has completed the pricing of U.S. $300,000,000 senior notes with a coupon rate of 5.179% per annum under its U.S. $5,000,000,000 GMTN Programme. This issuance follows the bank's previous communication dated December 26, 2025 (Reference: AXIS/CO/CS/493/2025-26).
Instrument Specifications
- Type of Instrument: Senior Notes under the Global Medium Term Note Programme
- Series Number: 32
- Tranche Number: 1
- Currency: USD
- Aggregate Nominal Amount: U.S. $300,000,000 (both Series and Tranche)
- Issue Price: 99.976% of the Aggregate Nominal Amount
- Issue Date: August 21, 2026
- Maturity Date: November 21, 2029
- Interest Basis: Fixed rate
- Coupon Rate: 5.179% per annum payable semi-annually in arrears
- Use of Proceeds: As set out in the Offering Circular dated December 26, 2025
Compliance and Risk Information
- Delay in Payment: NIL (no delays in payment of interest/principal for more than three months from due date)
- Default History: NA (no defaults in payment of interest/principal)
- Payment Comments: NA (no letters or comments regarding payment/non-payment)
- Preference Share Redemption: NA (not applicable)
Additional Information
#Tags: #AxisBank #GMTN #DebtIssuance #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Neutral