Axis Bank Prices Senior Notes Issue via GIFT City Branch

MUMBAI — Axis Bank Limited has priced an additional tranche of fixed-rate senior notes issued through its GIFT City branch, expanding its dollar-denominated medium-term borrowing capabilities.

Issuance Integrated with Existing Debt Programme

According to regulatory filings submitted to stock exchanges on August 4, 2026, credit rating agency Moody's Ratings assigned a "Baa3" rating with a stable outlook to the new U.S. dollar-denominated Senior Notes (Series 30, ISIN: XS3423944779). The newly priced notes carry a coupon rate of 5.348 percent per annum and mature on June 30, 2031.

The paper will be consolidated to form a single series with Axis Bank’s existing $300 million 5.348 percent Senior Notes maturing in 2031, which are issued under the bank's broader $5 billion Global Medium Term Note (GMTN) Programme.

Strategic Offshore Capital Raising

The issuance via India’s International Financial Services Centre (IFSC) in GIFT City allows Axis Bank to access competitive global liquidity channels efficiently. Institutional investors and global fixed-income markets continue to back Indian banking credit offerings, supported by stable domestic macroeconomic fundamentals and solvent balance sheets.

Official Sources Section

Details regarding the pricing and rating assignment of the Senior Notes were disclosed in an official corporate announcement filed by Axis Bank Limited with the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following confirmation from Moody's Investors Service Singapore Pte. Ltd.

Quote Section

According to official regulatory filings, "Moody's Ratings has assigned a Baa3 rating with a stable outlook to the Senior Notes issued by the Bank, GIFT City Branch under the Bank's GMTN programme, which will be consolidated and form a single series with the U.S. $300,000,000 5.348 per cent. Senior Notes."

Why It Matters

The successful tap of existing dollar-denominated Senior Notes strengthens Axis Bank's long-term foreign currency liquidity profile, providing stable funding to support its expanding international and GIFT City loan portfolios.

Key Facts at a Glance

• Issuer: Axis Bank Limited, GIFT City Branch.

• Credit Rating: Assigned Baa3 rating with a stable outlook by Moody's.

• Pricing Terms: 5.348% fixed-rate Senior Notes maturing June 30, 2031.

• Programme Size: Issued under the $5 billion Global Medium Term Note Programme.

FAQ Section

What credit rating was assigned to Axis Bank's senior notes? Moody's Ratings assigned a Baa3 investment-grade credit rating with a stable outlook.

Which branch issued the senior notes? The Senior Notes were issued through Axis Bank's IFSC branch located in GIFT City, Gujarat.

When do the senior notes mature? The fixed-rate notes mature on June 30, 2031.

Source: Official regulatory announcements submitted to National Stock Exchange of India Limited, BSE Limited, and the Ministry of Finance.