New Issue: India’s Axis Bank sells $600 million 4.1% additional tier 1 notes

Chicago, Sept. 8 – Axis Bank Ltd. sold $600 million of 4.1% additional tier 1 notes, according to an announcement on Wednesday.

The Basel III-compliant notes were sold via Rule 144A and Regulation S.

The securities will be listed on the Singapore Exchange Ltd., the International Securities Market, India International Exchange (IFSC) Ltd. and the NSE IFSC Ltd.

Axis Bank Ltd., Singapore Branch, BNP Paribas, Citigroup Global Markets Ltd., Credit Agricole CIB, Singapore Branch, Emirates NBD Bank PJSC, HSBC Ltd., Singapore Branch, J.P. Morgan Securities plc, Mashreqbank psc, Merrill Lynch (Singapore) Pte. Ltd., MUFG Securities Asia Ltd., Societe Generale and Standard Chartered Bank were bookrunners on the deal.

The bank is based in Mumbai.

Issuer:	Axis Bank Ltd.
Issue:	Tier 1 notes
Amount:	$600 million
Bookrunners:	Axis Bank Ltd., Singapore Branch, BNP Paribas, Citigroup Global Markets Ltd., Credit Agricole CIB, Singapore Branch, Emirates NBD Bank PJSC, HSBC Ltd., Singapore Branch, J.P. Morgan Securities plc, Mashreqbank psc, Merrill Lynch (Singapore) Pte. Ltd., MUFG Securities Asia Ltd., Societe Generale and Standard Chartered Bank
Coupon:	4.1%
Trade date:	Sept. 2
Settlement date:	Sept. 8
Distribution:	Rule 144A and Regulation S

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