Axis Bank Limited has received final listing approval for its US$300,000,000 Senior Notes carrying a coupon rate of 5.348%, confirming the successful completion of its offshore debt issuance. The approvals were granted by the Global Securities Market of the India International Exchange (IFSC) Limited, known as India INX, and the Debt Securities Market of the NSE IFSC Limited, known as NSE IX, on August 12, 2026. This development solidifies the bank’s access to international capital markets under its US$5,000,000,000 Global Medium Term Note (GMTN) Programme.

The newly approved notes will be consolidated to form a single series with the US$300,000,000 5.348% Senior Notes previously issued on June 30, 2026. This consolidation streamlines the capital structure for investors while maintaining uniform terms across the tranche. The issuance adheres to applicable cross-border debt regulations, ensuring compliance with both Indian and U.S. securities laws.

Listing Details and Market Access

The dual-listing strategy enhances liquidity and visibility for international investors. The notes are now officially listed on two key platforms within the International Financial Services Centre (IFSC) ecosystem:

The bank also notified the London Stock Exchange and Singapore Stock Exchange regarding the allotment, reflecting its multi-jurisdictional investor base. Pricing supplements for the notes are available on the respective websites of India INX and NSE IX.

Regulatory Compliance and Disclosures

The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Axis Bank emphasized that the Offering Circular dated December 26, 2025, and related pricing supplements have not been registered with the Securities and Exchange Board of India (SEBI), the Reserve Bank of India (RBI), or any Registrar of Companies in India.

Consequently, the notes have not been offered or sold to any person resident in India. Furthermore, the securities 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 specific exemptions from registration requirements.

What the Numbers Show

The consolidation of this US$300 million tranche with the earlier June 30 issuance creates a larger, unified debt instrument with a fixed cost of capital at 5.348%. By securing listing approval on IFSC platforms, Axis Bank diversifies its funding geography beyond traditional domestic deposits and rupee-denominated bonds. The ability to raise substantial funds at a defined single-digit coupon rate indicates stable investor confidence in the bank’s credit profile, despite global interest rate volatility.

axis bank has completed the pricing of 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.