AXIS BANK RAISES SENIOR NOTES INTERNATIONAL MARKET

AXIS BANK RAISES SENIOR NOTES IN THE INTERNATIONAL MARKET

We are pleased to inform that the Board of Directors of the Bank has today passed a resolution approving the allotment of Senior Notes aggregating to USD 500,000,000 (USD Five Hundred Million only) under the MTN programme through its DIFC Dubai branch. The Notes will be listed at the Singapore Stock Exchange.

The Notes have been priced at 440 basis points over the 5-year US Treasury Note, at a price of 99.442% to yield 5.243%. The Notes will be denominated in US dollars, and will bear fixed interest of 5.125% per annum, with interest payable semi-annually in arrears. The Bank will apply the net proceeds to fund its operations overseas.