Key Quantitative Figures

The issuance comprises two sets of notes:

1. Additional Tier 1 Notes

  • Type: Additional Tier 1 under GMTN Programme (RBI Guidelines)
  • Series: 31
  • Tranche: 1
  • Currency: USD
  • Aggregate Nominal Amount (Series): USD 500,000,000
  • Aggregate Nominal Amount (Tranche): USD 500,000,000
  • Issue Price: 100% of Aggregate Nominal Amount
  • Issue Date: June 30, 2026
  • Interest Basis: Fixed rate
  • Coupon: 6.875% per annum, payable semi-annually in arrears
  • Maturity: Not applicable (Perpetual)
  • Listing: Global Securities Market of India International Exchange (IFSC) Limited (India INX) and Debt Securities Market of NSE IFSC Limited (NSE IX)
  • Distribution Method: Syndicated

2. Senior Notes

  • Type: Senior Unsecured Fixed Rate Notes under GMTN Programme (RBI Guidelines)
  • Series: 10
  • Tranche: 1
  • Currency: USD
  • Aggregate Nominal Amount (Series): USD 300,000,000
  • Aggregate Nominal Amount (Tranche): USD 300,000,000
  • Issue Price: 100% of Aggregate Nominal Amount
  • Issue Date: June 30, 2026
  • Maturity Date: June 30, 2031
  • Interest Basis: Fixed rate
  • Coupon: 5.348% per annum, payable semi-annually in arrears on each Interest Payment Date
  • Use of Proceeds: As set out in the Offering Circular
  • Listing: Global Securities Market of India International Exchange (IFSC) Limited (India INX) and Debt Securities Market of NSE IFSC Limited (NSE IX)
  • Distribution Method: Syndicated

Total Issuance Size: USD 800,000,000

Parties Involved

  • Issuer: Axis Bank Limited
  • Regulators Referenced: Securities and Exchange Board of India (SEBI), Reserve Bank of India (RBI)
  • Exchanges for Listing: India International Exchange (IFSC) Limited (India INX), NSE IFSC Limited (NSE IX)
  • Other Stock Exchanges CC'd: London Stock Exchange, Singapore Stock Exchange
  • Bank Representative: Sandeep Poddar, Company Secretary

Other Key Actions

The Bank has executed a Subscription Agreement with the Managers appointed for the Issue.

Disclaimer & Jurisdictional Information

  • The Offering Circular and Pricing Supplement are not and will not be registered with SEBI, ROC, or any other Indian regulatory body.
  • The documents have not been reviewed or approved by any Indian regulatory authority (including ROC, SEBI, RBI, or Indian stock exchanges).
  • The Notes have not been and will not be offered or sold to any person resident in India.
  • The Notes are not registered under the U.S. Securities Act of 1933 and may not be offered or sold within the United States absent an exemption.