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Informist, Tuesday, Aug. 4, 2026

 

--S&P rates Axis Bk senior notes under global medium term notes programme BBB 
--Axis Bank prices dollar notes aggregating $300 mln at 5.348% 

NEW DELHI – Axis Bank Ltd. Tuesday said it had completed the pricing of $300 million worth of dollar notes under its $5 billion global medium-term notes programme which carries a fixed coupon of 5.348% payable semi-annually. These notes will be consolidated with the bank's existing $300 million notes, taking the total amount of the series to $600 million, the lender said.

 

The notes will mature on Jun. 30, 2031, and will be listed on the Global Securities Market of the India International Exchange Ltd. and the debt securities market of the National Stock Exchange IFSC Ltd in Gujarat International Finance Tec-City.

 

In a separate filing, Axis Bank said S&P Global Ratings has assigned a "BBB" rating to these notes to be issued by the bank's GIFT City branch under its global medium-term notes programme. In another filing, the lender said Moody's has assigned a "Baa3" rating with a stable outlook to the same notes.

 

For the June quarter, the private-sector lender's net profit rose 22.5% on year to INR 71.14 billion. Tuesday, its shares closed at INR 1,261.80 apiece on the National Stock Exchange, down nearly 1% from Monday.  End

 

US$1 = INR 95.37

 

Reported by Vaishali Tyagi

Edited by Shubhayan Bhattacharya

 

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