Axis Bank, India’s third-largest private sector bank, today announced the listing of its $600 million Sustainable USD Additional Tier 1 (AT1) notes on India INX and NSE IFSC exchanges in the presence of Injeti Srinivas, Chairman, IFSCA and Tapan Ray, MD and Group CEO, GIFT City during a virtual listing ceremony.
Last week, the Bank had announced issuance of these Sustainable AT1 notes in the overseas markets through its IBU branch at GIFT City. This was the first such issuance from an Indian Bank, second in Asia and third globally. The said AT1 notes are now being listed on Singapore, London and India INX and NSE IFSC exchanges.
Commenting on the listing ceremony, Amitabh Chaudhry, MD & CEO, Axis Bank said: “This is a landmark issuance, and it shows Axis Bank’s commitment to the Government’s vision of developing GIFT City as an Internal Financial Centre of repute. We hope that it will encourage other market
players to also look at GIFT City as a venue of choice for issuance and listing of their debt and equity products”.
Tapan Ray, MD & Group CEO, GIFT City said, “GIFT IFSC is now emerging as a destination for raising capital and debt by Indian issuers. Axis Bank’s Sustainable Bond issuance through GIFT City is a welcome-step. The ecosystem, ease of doing business and cost-efficiency make GIFT IFSC a preferred platform for raising and listing of debt. Our aim is to make GIFT City a Green & Sustainable Finance hub; we congratulate Axis Bank and IFSC Exchanges for their commitment towards achieving this goal.”
Injeti Srinivas, Chairman, IFSC Authority said, “The USD 600 MN AT – 1 Bond Issuance under WSG Category marks the beginning of GIFT IFSC emerging as a preferred destination for raising of capital for sustainability.”
more recommended stories
DCB Bank Increases Fixed Deposit Interest Rates for Senior Citizens
KOCHI:DCB Bank’s latest Fixed Deposit (FD).
YES BANK Participates in RBI’s Pilot Launch of its Digital Currency
MUMBAI:YES BANK today announced participation in.
KSUM to Hold Bootcamp for SaaS Startups
THIRUVANANTHAPURAM:Aiming at promoting and strengthening the.
KSUM Invites Application for ‘Grand Kerala Startup Challenge’
THIRUVANANTHAPURAM:Kerala Startup Mission (KSUM) has invited.
ZOOOK Launches Multi-device Prodigy Keyboard
NEW DELHI:The French lifestyle brand, ZOOOK,.
L&T Closes US$ 107 Million Sustainability Linked Loan
MUMBAI:Larsen & Toubro Limited (“L&T”) has.
KSUM’s Climathon Concludes with Rs 30 Lakh Prizes to 11 Startups
KOCHI:Kerala Startup Mission (KSUM) announced three.
UAE to Become the the World’s Most Integrated Global Gold Marketplace
DUBAI:The UAE is all set to.
Amway India Repositions its Premium Skincare Brand Artistry
KOCHI:Aligned with the philosophythat skin needs.
SR Technics Partners with HCLTech to Digitally Transform Business Operations
NOIDA:HCLTech, a global technology company, today.