Announced Tue, 30 Jun · 20:21 IST
Axis Bank secures listing approval for $800M offshore bond issuance
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AXISBANK · price
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Price reaction · full curve 14 horizons · vs prior close
+0.6%1-day move
₹1352.30
prior close
₹1345.70
base price
After-mkt
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AI summary
Axis Bank has received final listing approval from India INX and NSE IX for two offshore bond issuances totaling $800 million under its $5 billion Global Medium Term Note Programme. The issuance includes $500 million in 6.875% Additional Tier 1 Notes and $300 million in 5.348% Senior Notes. The bonds are listed on international exchanges and are not offered to investors in India or the US.
Likely market impact
Bank raises $800 million offshore to strengthen capital base. AT1 notes are perpetual and may dilute equity under stress conditions.