Axis Bank prices USD 800 mn offshore notes, AT1 at 6.875 percent

Fund Raising View source PDF Explain this filing

AXISBANK · price

Loading chart…

▲ 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

+1.9%Reaction day

₹1358.10

prior close

₹1356.00

announcement price

After-mkt

timing

Nifty 100market+0.7%+1.2% vs market

Private Sector Bank peers, median of 19sector+1.2%+0.7% vs sector

On the reaction day the stock moved 1.2 pts more than Nifty 100 and 0.7 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

+0.6

10m

+0.7

15m

+0.9

30m

+1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.9+0.7+1.2+1.2+0.7

Next day

+1.4+0.8+0.6+0.5+0.9

+0.9+0.3+0.7+0.2+0.8

-0.4+0.0-0.5-0.5+0.1

+0.6+0.6-0.1+0.0+0.5

+0.1+1.3-1.2-0.2+0.3

-1.4+2.2-3.7+1.4-2.9

15d

-3.7+0.8-4.5+2.7-6.3

-9.5-0.3-9.2+1.6-11.1

-9.0+1.9-10.8+4.6-13.6

-12.2-2.8-9.4+1.8-14.0

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 800 million of offshore notes under its Global Medium Term Note programme. This includes USD 500 million of Additional Tier 1 notes at 6.875 percent fixed rate, with semi-annual coupons and no maturity, and USD 300 million of senior unsecured notes at 5.348 percent fixed rate, maturing June 30, 2031. Issue date is June 30, 2026. Notes will be listed on India INX and NSE IX in GIFT City and distributed via syndication. Proceeds will be used as per the offering circular.

Likely market impact

Raises USD 800 million offshore to boost capital and fund growth. AT1 notes are perpetual and can absorb losses in extreme stress.