axis bank has completed the pricing of a dual-tranche issuance worth USD 800 million under its Global Medium Term Notes (GMTN) programme. The bank has priced USD 500 million in Additional Tier 1 notes and USD 300 million in Senior Notes to bolster its capital base and fund general corporate purposes. The issuances are set to conclude on June 30, 2026, and will be listed on the India International Exchange (IFSC) Limited and NSE IFSC Limited.

The Additional Tier 1 notes, designated as Series 31, are perpetual instruments with no fixed maturity date. These notes carry a fixed coupon rate of 6.875% per annum, payable semi-annually in arrears. The pricing of these Basel III-compliant instruments is part of the bank's ongoing strategy to maintain adequate capital adequacy ratios. The notes are unsecured and rank junior to the bank's Senior Notes and other senior liabilities.

The Senior Notes, categorized as Series 10, have a tenor of five years and are set to mature on June 30, 2031. These fixed-rate notes offer a coupon of 5.348% per annum, with interest payments also scheduled semi-annually. Unlike the Additional Tier 1 instruments, these notes are senior unsecured obligations, providing investors with a higher claim on the bank's assets in the event of liquidation.

Key Details of the Issuance

The following table outlines the specific terms for both tranches of the issuance:

The bank executed the Subscription Agreement with the appointed managers for the issue to facilitate the distribution of these notes. The method of distribution for both tranches is syndicated, ensuring broad placement across institutional investors. The use of proceeds from the issuances will be aligned with the objectives outlined in the Offering Circular dated December 26, 2025.

This disclosure was submitted to the exchanges in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notes are not being offered or sold to persons resident in India or the United States, adhering to specific regulatory restrictions in those jurisdictions.

axis bank did not participate in any group meetings at the J.P. Morgan Asia Pacific All Star Forum scheduled on June 22, 2026. The bank communicated this update to the stock exchanges via a filing submitted on June 22, 2026, referencing its earlier letter dated June 17, 2026, which had initially outlined the schedule for analysts and institutional investor meets.

The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank had previously planned to attend the J.P. Morgan Asia Pacific All Star Forum and the IIFL Invest India Conference in London to discuss its performance and strategy with key stakeholders.

Schedule of Meetings

The following table outlines the revised status of the events:

Axis Bank noted that schedules are subject to revision due to unforeseen events. Any changes to the plan are communicated to the stock exchanges as required. Investors can access presentations from the meetings on the bank's official website in the shareholders' corner.