Axis Bank allots USD 100M Additional Tier 1 Notes at 6.875%
AXISBANK · price
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Axis Bank has allotted USD 100 million Additional Tier 1 Notes at 6.875% coupon. These will be consolidated with the USD 500 million AT1 Notes issued on June 30, 2026. The notes are listed on the Global Securities Market and Debt Securities Market of India International Exchange (IFSC) Limited. This is part of the bank's Global Medium Term Note Programme. The notes are not offered to Indian residents and are listed overseas.
Boosts Tier 1 capital and strengthens capital adequacy. AT1 notes are perpetual and carry write-down risk, so not directly relevant to equity shareholders.