axis bank has priced USD 600 million in Senior Notes under its existing Global Medium Term Note (GMTN) programme, securing long-term funding at a fixed interest rate. The issuance, announced on August 4, 2026, carries a coupon of 5.348 per cent per annum and matures on June 30, 2031. This transaction strengthens the Bank’s capital structure by accessing international debt markets, with the proceeds to be utilized as outlined in the Offering Circular dated December 26, 2025.

The Notes were issued by Axis Bank Limited’s Gift City Branch and will consolidate into Series 30 of the U.S.$5,000,000,000 GMTN programme. Specifically, this tranche forms part of the U.S.$300,000,000 series carrying the 5.348 per cent coupon. The issue price was set at 99.544 per cent of the Aggregate Nominal Amount, plus accrued interest from June 30, 2026, to but not including August 11, 2026. The official issue date is August 11, 2026.

Transaction Details

The following table outlines the key terms of the Senior Notes issuance:

Regulatory and Listing Compliance

The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Notes are listed on the Global Securities Market of the India International Exchange (IFSC) Limited ("India INX") and the Debt Securities Market of the NSE IFSC Limited ("NSE IX").

The Offering Circular and Pricing Supplement have not been registered with the Securities and Exchange Board of India (SEBI), the Reserve Bank of India (RBI), or any Registrar of Companies under the Companies Act, 2013. Consequently, the Notes have not been and will not be offered or sold to any person resident in India. Furthermore, the Notes are not registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold within the United States except pursuant to an exemption from registration requirements.

What the Numbers Show

The pricing of these Senior Notes at 5.348 per cent reflects the current cost of long-term dollar-denominated debt for Indian private sector banks. By issuing under the GMTN programme, Axis Bank maintains flexibility in its funding mix, tapping into offshore investor appetite for rated Indian financial debt. The non-syndicated distribution method suggests direct placement with institutional investors, reducing intermediary costs. The maturity profile extending to June 2031 provides the Bank with stable, long-duration liabilities to match its asset growth trajectory.

Axis Bank witnessed a notable block trade on the National Stock Exchange (NSE), with approximately 527,909 shares transacted at a price of ₹1220.50 per share. The total deal size amounted to ₹64.43 crores, indicating significant large-lot trading activity in the stock.

Block Trade Details

The following table summarises the key parameters of the block trade recorded on the NSE:

Block trades of this scale are typically associated with institutional investors or large participants executing bulk transactions outside the regular market order book. The trade in Axis Bank at ₹1220.50 per share underscores the continued interest of large investors in the private sector lender.