Axis Bank allots ₹5,000 crore in 10-year senior debentures

Axis Bank Limited has successfully allotted 500,000 fully paid, senior, rated, listed, unsecured, taxable, redeemable, long-term non-convertible debentures (Series – 9), each with a face value of ₹100,000. This allotment, made on November 26, 2025, aggregates to a total of ₹5,000 crore and was completed on a private placement basis. The debentures carry an annual coupon rate of 7.27%.

The debentures are set to mature on November 26, 2035, indicating a 10-year tenure. Interest will be paid annually on November 26 until maturity, and the debentures are redeemable at par at the end of this period. These instruments are unsecured, meaning no specific charge or security has been created over the bank's assets.

The NCDs have received strong credit ratings, including "CRISIL AAA/Stable" from CRISIL Ratings Limited, "[ICRA]AAA/Stable" from ICRA Limited, and "Ind AAA/Stable" from India Ratings & Research Private Limited, underscoring their creditworthiness. The debentures are listed on both BSE Limited and the National Stock Exchange of India Limited.