Axis Bank Updates GMTN Programme for ₹35,000 Cr Fundraise

MUMBAI | December 26, 2025 — Axis Bank Limited, India’s third-largest private sector lender, has officially updated its Global Medium Term Notes (GMTN) Programme. In a regulatory filing to the NSE and BSE, the bank confirmed that it has uploaded its updated Offering Circular on three major international exchanges: India INX, NSE IX (GIFT City), and the Singapore Exchange (SGX).

This update follows a broad mandate approved by the bank’s Board in April 2025 and ratified by shareholders in July 2025, authorizing the bank to raise up to ₹35,000 Crore through various debt instruments.

The GMTN Programme: A Global Fundraising Engine

The GMTN programme allows Axis Bank to issue debt securities in multiple currencies and tranches without needing a fresh prospectus for every issuance. This provides the bank with the flexibility to move quickly when global market conditions are favorable.

Key Instruments Covered under the Programme:

ESG & Green Bonds: Focusing on sustainable financing and climate-positive projects.
Perpetual Debt & AT1 Bonds: Instruments that help bolster the bank's Tier-1 Capital adequacy.
Infrastructure & Tier II Bonds: Specifically designed for long-term project lending and secondary capital layers.
Masala Bonds: Rupee-denominated bonds issued in overseas markets.

Strategic Rationale: Fueling Credit Growth

By updating the Offering Circular today, Axis Bank has cleared the administrative path to issue Additional Tier 1 (AT1) Notes or other debt securities in foreign currency or Indian Rupees.

Capital Adequacy: Raising AT1 and Tier II capital helps the bank maintain a healthy Capital To Risk-Weighted Assets Ratio (CRAR), allowing it to grow its loan book without breaching regulatory limits.
Currency Diversification: Issuing bonds on the SGX and India INX allows the bank to access USD, Euro, or SGD-denominated funds, diversifying its source of liabilities beyond domestic deposits.

Axis Bank (AXISBANK) Stock Performance & Investor Outlook

The update to the GMTN programme is seen as a routine but essential governance step, reflecting the bank's readiness to support its balance sheet expansion.

Market Stats (As of Dec 26, 2025)

Stock Price: Axis Bank shares were trading at ₹1,248.30, maintaining a strong position in the private banking index.
Credit Rating: The bank holds some of the highest domestic ratings (AAA/Stable) and strong investment-grade ratings from international agencies like Moody's and S&P, which helps keep the "coupon rate" (interest cost) low on global bonds.
Investor Sentiment: Analysts view the ₹35,000 crore mandate as a proactive move to ensure liquidity for high-growth sectors like corporate CAPEX and retail housing.