Bank of New York Mellon-Held Bank Allots USD 300 Million Senior Notes at 5.348% Interest; Check Details

Axis Bank Ltd has successfully allotted USD 300 million of 5.348 per cent Senior Notes under its USD 5 billion Global Medium Term Note Programme. The notes will be consolidated and form a single series with the USD 300 million 5.348 per cent Senior Notes issued on June 30, 2026. The issuance and allotment have been completed in accordance with applicable laws and regulatory requirements.

On Wednesday, Indian equity benchmark indices traded lower, with the benchmark Nifty 50 index falling 177.60 points, or 0.73 per cent, to 24,294.10. Amid the market movement, Axis Bank share price was trading at Rs 1,223.60, down 0.50 per cent.

USD 300 Million Senior Notes Allotted

The latest issuance forms part of Axis Bank's existing Global Medium Term Note Programme, which has an overall size of USD 5 billion. The bank has allotted USD 300 million in Senior Notes carrying a 5.348 per cent interest rate. The latest notes will be consolidated with the USD 300 million 5.348 per cent Senior Notes issued on June 30, 2026, thereby forming a single series.

The bank stated that the issuance and allotment of the notes have been completed in accordance with applicable laws and regulatory requirements.

Notes to Be Listed on IFSC Exchanges

The Senior Notes will be listed on the Global Securities Market of India International Exchange (IFSC) Limited as well as the Debt Securities Market of NSE IFSC Limited.

The bank's disclosure also states that the offering circular and pricing supplements relating to the Global Medium Term Note Programme have not been and will not be registered or filed as a prospectus or similar public-offer document with SEBI, the Reserve Bank of India or other Indian regulatory authorities. The notes have not been and will not be offered or sold to persons resident in India.
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Axis Bank Share Price

Axis Bank shares were trading at Rs 1,223.60, down 0.50 per cent on Wednesday, while the Nifty 50 index declined 0.73 per cent to 24,294.10. The stock movement came as the private sector lender disclosed the successful allotment of USD 300 million in 5.348 per cent Senior Notes.

The shareholding pattern shows that The Bank of New York Mellon holds a 3.09 per cent stake in Axis Bank, highlighting its presence among the bank's institutional shareholders.

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Disclaimer: The article is for informational purposes only and not investment advice.