Axis Bank has priced a $300 million issuance of five-year senior unsecured notes at a fixed coupon of 5.348%.
The bonds, due in June 2031, were issued through the bank’s International Business Unit in GIFT City, marking a continued effort to diversify its funding sources beyond domestic deposits.
The issuance carries a Baa3 credit rating from Moody’s Investors Service, reflecting the bank’s investment-grade standing in international markets.
By accessing offshore capital, Axis Bank aims to optimize its liability structure and reduce reliance on more volatile domestic funding channels.
The fixed-rate nature of the notes provides the lender with predictable interest expenses over the medium term.
This capital raise aligns with Axis Bank’s broader strategic push to expand its small business lending book.