Axis Bank prices USD 600 million AT1 Notes at 6.875% under GMTN programme

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AXISBANK · price

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

-1.8%Reaction day

₹1336.20

prior close

₹1344.00

announcement price

After-mkt

timing

Nifty 100market-2.1%+0.2% vs market

Private Sector Bank peers, median of 19sector-2.3%+0.5% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty 100 and 0.5 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

-0.8

10m

-0.8

15m

-1.0

30m

-0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.8-2.1+0.2-2.3+0.5

Next day

-2.6-1.7-0.9-1.1-1.5

-1.0-0.6-0.4+0.1-1.1

-1.1-0.7-0.5+0.8-1.9

-1.3-1.3-0.1-1.0-0.4

-1.8-1.1-0.7-0.5-1.3

-0.6-0.3-0.2+2.1-2.7

15d

-7.5-0.4-7.1+0.7-8.2

-6.7+1.3-7.9+0.6-7.3

-6.8-2.4-4.4-0.9-5.9

-6.8-8.4+1.6-3.2-3.6

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 600 million Additional Tier 1 Notes at 100.30% of face value under its Global Medium Term Notes programme. The notes carry a 6.875% fixed coupon paid semi-annually and will be consolidated with the existing USD 500 million AT1 Notes issued on June 30, 2026. Issue date is July 14, 2026. Notes are listed on India INX and NSE IFSC and distributed via non-syndicated route.

Likely market impact

Strengthens Tier 1 capital base via offshore USD AT1 raise. AT1 notes are perpetual and carry coupon skip and write-down risk for existing shareholders.