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1 Jun 2016 14:03
Dear Sir(s),
SUB: AXIS BANK RAISES SENIOR NOTES IN THE INTERNATIONAL MARKET
We are pleased to inform that the Bank has today allotted Senior Fixed Rate Green Bonds aggregating to USD 500,000,000 (USD Five Hundred Million only) under the MTN Programme through its Dubai International Financial Centre (DIFC) branch. The notes will be listed at the Singapore Stock Exchange and London Stock Exchange.
The Notes have been priced at 160 basis points over the 5-year US Treasury Note, at a price of 99.479% to yield 2.988%. The Notes will be denominated in US dollars, and will bear fixed interest of 2.875% per annum, with interest payable semi-annually in arrears.
You are requested to take the above on record.
Thanking You.
Yours faithfully,
For Axis Bank Limited,
Girish V. Koliyote
Company Secretary
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