Announced Tue, 14 Jul · 23:43 IST
Axis Bank gets listing approval for USD 100 million AT1 notes on IFSC exchanges
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AXISBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.8%1-day move
₹1318.50
prior close
₹1328.00
base price
After-mkt
timing
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+0.8+0.9+1.3+0.9-0.8+0.8-4.7-4.6-6.3-6.8————
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AI summary
Axis Bank has received final listing approval from India INX and NSE IFSC for its USD 100 million 6.875 percent Additional Tier 1 Notes. The new AT1 notes will merge with the USD 500 million 6.875 percent AT1 notes issued on June 30, 2026 into a single series. The notes are part of the bank's Global Medium Term Note Programme, aimed at overseas investors, not Indian or US residents. AT1 notes are a form of regulatory capital for banks.
Likely market impact
Neutral to mildly positive. The AT1 issuance strengthens the bank's capital base, though AT1 notes carry risk of permanent writedown. No impact on Indian shareholders directly.