Announced Wed, 24 Jun · 10:58 IST
S&P assigns ratings to Axis Bank AT1 and Senior Notes from GIFT City
AXISBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.4%1-day move
₹1358.10
prior close
₹1372.90
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.4+0.6+0.6+0.6+1.4+0.9-0.4+0.6+0.1-1.4-3.7-9.5——
Up moveDown movePending
AI summary
S&P Global Ratings assigned a BB- rating to Axis Bank's US$500 million Additional Tier 1 Notes (6.875%) and BBB rating to US$300 million Senior Notes (5.348%), issued by its GIFT City branch under the US$5 billion Global Medium Term Note programme.
Likely market impact
New offshore bond issuance widens Axis Bank's funding options. BB- on AT1 is standard for such capital notes; BBB on seniors is investment grade.