Announced Tue, 7 Jul · 17:11 IST
Axis Bank prices USD 600 million AT1 Notes at 6.875% under GMTN programme
Fund Raising View source PDF
AXISBANK · price
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Price reaction · full curve 14 horizons · vs prior close
-2.6%1-day move
₹1336.20
prior close
₹1344.00
base price
After-mkt
timing
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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.