Axis Bank prices USD 300 million senior notes at 5.179 percent coupon

Fund Raising View source PDF Explain this filing

AXISBANK · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.3%Reaction day

₹1227.30

prior close

₹1223.90

announcement price

After-mkt

timing

Nifty 100market-0.5%+1.8% vs market

Private Sector Bank peers, median of 19sector-0.3%+1.6% vs sector

On the reaction day the stock moved 1.8 pts more than Nifty 100 and 1.6 pts more than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.5

10m

+0.6

15m

+0.7

30m

+0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.3-0.5+1.8-0.3+1.6

Next day

+0.6-0.8+1.5-0.6+1.3

+1.9-0.3+2.2+0.3+1.6

+1.5-0.2+1.7+1.1+0.4

+0.7-0.3+1.1+1.0-0.3

+0.6+0.2+0.4+1.1-0.5

+2.3-0.7+3.0+2.3+0.1

15d

+1.4-2.6+4.0-0.8+2.2

+1.5-3.8+5.2+1.6-0.1

+0.7-6.1+6.8-1.5+2.2

—————

UpDownMarket · Nifty 100Sector · Private Sector Bank peers, median of 19Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Axis Bank has priced USD 300 million senior notes under its existing USD 5 billion Global Medium Term Note Programme. The notes carry a 5.179 percent fixed coupon paid semi-annually, were issued at 99.976 percent of face value, and mature on November 21, 2029 (about 3.25 years). Distribution is non-syndicated and the notes will be listed on India INX and NSE IX IFSC exchanges.

Likely market impact

Raises low-cost foreign currency funding for the bank; shows continued overseas market access, neutral to mildly positive for shareholders.