Axis Bank Allots 5 Lakh NCDs Worth ₹5,000 Crore at 7.27% Coupon Rate

Axis Bank announced on November 26, 2025, the allotment of 5,00,000 fully paid, senior, rated, unsecured and taxable non-convertible debentures under Series 9, raising ₹5,000 crore through private placement. 

The Committee of Whole time Directors approved the allotment of NCDs with a face value of ₹1,00,000 each. The coupon rate stands at 7.27% per annum, payable annually. The instruments are listed on both NSE and BSE and carry ratings of CRISIL AAA Stable, ICRA AAA Stable and Ind AAA Stable. 

Key Terms and Tenure of the NCDs 

The debentures have a tenure of 10 years, with the allotment dated November 26, 2025, and maturity scheduled for November 26, 2035. They are redeemable at par on maturity. As unsecured instruments, they carry no charge on assets and have no special rights attached. 

The annual interest payout is set for November 26 every year until maturity. The bank confirmed there have been no delays or defaults relating to interest or principal obligations for the issue. 

Read More: Axis Bank to Stop Processing Payments for Digital Gold Products Via its Platform! 

Listing and Compliance Details 

The NCDs are proposed to be listed on NSE and BSE. Axis Bank provided disclosures in accordance with SEBI Listing Regulations, and the SEBI Master Circular dated November 11, 2024. Relevant intimation has also been shared with international exchanges. 

Axis Bank Share Price Performance  

As of November 26, 2025, at 3:30 PM, Axis Bank share price on NSE closed at ₹1,290.20 up by 1.89% from the previous closing price. 

Conclusion 

The allotment of the ₹5,000 crore NCD issue adds to Axis Bank’s long-term fund-raising activity. The structured coupon, fixed tenure, and credit ratings outline the framework for this private placement. 

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