General Updates

Axis Bank Limited has successfully priced and completed the issuance of USD 800 million under its Global Medium Term Notes (GMTN) programme. This includes USD 500 million in Additional Tier 1 notes with a coupon of 6.875% per annum and USD 300 million in Senior Notes with a coupon of 5.348% per annum. The Additional Tier 1 notes are perpetual, while the Senior Notes mature in June 2031. Both tranches will be listed on India INX and NSE IX, enhancing the bank's capital adequacy and overall liquidity.