AXIS BANK CONCLUDES THE ISSUE OF US$500 MILLION, ASIA'S FIRST CERTIFIED GREEN BONDS BY A BANK

• First Green Bond by an Indian Issuer to be listed on London Stock Exchange
• First Labelled Climate Bond Initiative certified bond issued by a Bank from Asia
• Largest Green Bond issued by a Scheduled Commercial Indian Bank
• Lowest Spread for a USD Benchmark sized bond issued by an Indian Bank since the Global Financial Crisis

MUMBAI, India, May 27 (Bernama-BUSINESS WIRE) -- Axis Bank Limited (“Axis Bank”) today announced that it priced US$500 million 2.875% Senior Unsecured Notes due 2021 (the "Notes"). The Notes are issued by Axis Bank’s DIFC branch, Dubai and are rated Baa3 by Moody's, BBB- by S&P and BBB- by Fitch. The deal was launched at initial price thoughts at T +175 bps but the final pricing was 15 bps tighter at T +160 bps.

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