Axis Bank Allots $300M Senior Notes Under GMTN Programme

Axis Bank has successfully allotted U.S.$300 million in Senior Notes, a significant step in its capital-raising strategy. These newly issued notes come with an interest rate of 5.179 per cent, reflecting current market conditions.

Key Allotment Details

The recent issuance forms a portion of a larger financial framework established by the bank. Understanding the specific figures provides clarity on the scale of this transaction. These details are crucial for assessing the bank’s funding activities.

• Amount of Senior Notes allotted: U.S.$300,000,000
• Interest rate on the Notes: 5.179 per cent
• Total value of the Global Medium Term Note (GMTN) Programme: U.S.$5,000,000,000

This allotment operates under Axis Bank’s established U.S.$5 billion Global Medium Term Note (GMTN) Programme. Such programmes enable institutions to issue debt instruments over time, providing flexibility in their financing needs.

The successful completion of both the issuance and allotment phases adhered strictly to all applicable legal and regulatory requirements. This ensures compliance and transparency in the transaction.

Market Listing and Access

Upon their successful allotment, these Senior Notes are slated for listing on two key international financial markets located in India. This move facilitates broader investor access and liquidity for the debt instruments.

• The Global Securities Market of the India International Exchange (IFSC)
• The Debt Securities Market of the NSE IFSC

The listing on these platforms signifies the bank’s continued engagement with global capital markets. It provides investors with a regulated environment for trading the newly issued notes.