Axis Bank Gets Final Nod to List $300 Million Senior Notes on India INX, NSE IX
Author: CNBC-TV18 Markets·
Key Takeaways
- •Axis Bank received final approval to list $300 million senior notes on India INX and NSE IX.
- •The notes carry a 5.179% coupon and will be issued under the bank’s $5 billion GMTN programme.
- •The listing expands the presence of overseas-currency debt on India’s international exchanges.
- •The structure allows issuers to access a broader investor base while maintaining an Indian listing.
Axis Bank has received final approval to list $300 million senior notes on India INX and NSE IX, according to the report.
The 5.179% senior notes will be listed under the bank's $5 billion GMTN programme. The approval adds another overseas-currency debt listing to India’s international exchanges, where issuers can tap a broader investor base while keeping the instruments listed in India. For Axis Bank, the listing sits within its established global medium-term note framework, which is designed to support repeated issuances under the same programme when funding is needed.
