Axis Bank prices $300 million senior notes due 2029
Axis Bank has successfully priced $300 million in senior notes as part of its Global Medium Term Notes Programme, totaling a $5 billion offering. The notes carry a 5.179% annual coupon, paid semi-annually, with a 99.976% yield. Scheduled for issuance on November 21, 2029, the securities are labeled Series 32, Tranche 1 under the existing program initiated on December 26, 2025.
The notes will be listed on the Global Securities Market of the India International Exchange and the Debt Securities Market of the NSE IFSC Limited. Distributed non-syndicated, no collateral was created from the bank's assets. While the bank did not specify how the proceeds will be used, the disclosure adheres to SEBI's Regulation 30 of the Listing Obligations and Disclosure Requirements Regulations.
Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
