Axis Bank to Redeem 600 Million Dollars in Tier 1 Notes

Axis Bank Limited will fully redeem 600 million dollars of its 4.10 per cent Additional Tier 1 Notes on September 8, 2026. The bank exercised a call option for the notes, which were originally issued on September 8, 2021, and will be redeemed at 100 per cent par value plus accrued and unpaid interest.

To facilitate the redemption, the bank obtained prior approval from the Reserve Bank of India on July 31, 2026. This regulatory clearance followed a demonstration that the bank's capital position would remain above mandatory minimum requirements after the notes are retired.

Axis Bank has instructed The Bank of New York Mellon, London Branch, to notify all eligible noteholders of the upcoming full redemption.