S&P assigns ratings to Axis Bank AT1 and Senior Notes from GIFT City

New Credit FacilityCredit & Debt View source PDF Explain this filing

AXISBANK · price

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▲ 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

₹1372.90

announcement price

In-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

+0.4

10m

+0.6

15m

+0.6

30m

+0.6

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

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.