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Axis Bank 4.100% Perp (USD)
Axis Bank Ltd
Axis Bank Limited provides a full range of banking services throughout India. The Group's activities include retail banking, investment management, merchant banking, treasury and NRI services, cash and credit management services, and ATM facilities.
to trade this BondbloX
Bondblox Price Information
Last Price
95.426
Yield
-
BondbloX Information
Identifier: BEXISIN
BEXUSY1009XAA73
Minimum Trading Size
1,000
BondbloX Features
No voting rights
Accrued Interest
0.375
Coupon / Distribution
Pass through of Underlying Bond coupons & distributions
Listed On
BondbloX Bond Exchange
Underlying Bond Information
Bond Issuer
Axis Bank Ltd
ISIN
USY1009XAA73
Bond Currency
USD
Country of Risk
IND
Guarantor
Not Applicable
Coupon
4.100%
Coupon Type
Fixed-Fixed (Margin-over Index)
Industry Type
Banks (AT1)
Minimum Denomination
200,000
Minimum Increment
1,000
Amount Issued
600,000,000
Amount Outstanding
600,000,000
Issue Date
Sep 8, 2021
Maturity Date
Perp
Perpetual
Y
Redemption Value
100.000
Bond Rating
Moody's:Ba3
Registration Type
Regulation S
Seniority
Subordinated
Callable
Y
Next Call Date
Sep 8, 2026
Next Call Price
100.000
Reference Rate
H15T5Y
Spread
331.5
Refix Frequency (years)
5
Coupon / Distribution Information
Coupon Frequency
2
Next Coupon Date
Mar 8, 2025
Day Count Basis
ISMA-30/360
Record Date Rule
1 ICSD Business Day prior to the relevant Interest Payment Date
Underlying Bond Features
Distribution Discretions:
- The Issuer may, at its full discretion and as it deems fit, elect at any time to cancel (in whole or in part) interest otherwise scheduled to be paid in respect of a Series of Additional Tier 1 Notes.
- Interest on the Additional Tier 1 Notes will be non-cumulative and any cancellation of interest on Additional Tier 1 Notes in accordance with Condition 2.3 will not constitute an event of default in respect of the Additional Tier 1 Notes.
- In the event of any cancellation of interest on Additional Tier 1 Notes, the Issuer will face certain restrictions on its ability to make payments in
respect of securities ranking junior to, or pari passu with, such Additional Tier 1 Notes, as set out in Condition 2.3(c).
Write-down on a Loss Absorption Event:
In the event of a PONV Trigger Event, Subordinated Notes will be subject to interest cancellation and Write-Down (as defined in Condition 7.1(c)). Any nominal amount Written-Down due to the occurrence of a PONV Trigger Event will not be restored in any circumstances. Further, Additional Tier 1 Notes will also be subject to interest cancellation and Write-Down upon the occurrence of a CET1 Trigger Event, with any Reinstatement (as defined in Condition 7.2(b)) being at the Issuer’s option and subject to regulation. See Condition 7 and “Risk Factors — Risks Relating to the Subordinated Notes” for further details.
Related Documents
Final Terms
This document constitutes the Final Terms relating to the issue of BondbloX BEXUSY1009XAA73.
Disclaimer
Information regarding the Underlying Bonds is extracted purely on best-efforts basis from the actual program documents currently publicly available to BondEvalue and is not intended to be complete or absolute. No warranty is made as to the completeness or accuracy of such information nor its extraction. Please refer to the actual program documents for complete and accurate information governing the Underlying Bonds.
Axis Bank 4.100% Perp (USD)
InstitutionsIndividuals
to trade this BondbloX
Axis Bank Ltd
Axis Bank Limited provides a full range of banking services throughout India. The Group's activities include retail banking, investment management, merchant banking, treasury and NRI services, cash and credit management services, and ATM facilities.
Bondblox Price Information
Last Price
95.426
Yield
-
BondbloX Information
Identifier: BEXISIN
BEXUSY1009XAA73
Minimum Trading Size
1,000
BondbloX Features
No voting rights
Accrued Interest
0.375
Coupon / Distribution
Pass through of Underlying Bond coupons & distributions
Listed On
BondbloX Bond Exchange
Settlement Cycle
Instant (Fractional)
Underlying Bond Information
Bond Issuer
Axis Bank Ltd
ISIN
USY1009XAA73
Bond Currency
USD
Country of Risk
IND
Guarantor
Not Applicable
Coupon
4.100%
Coupon Type
Fixed-Fixed (Margin-over Index)
Industry Type
Banks (AT1)
Minimum Denomination
200,000
Minimum Increment
1,000
Amount Issued
600,000,000
Amount Outstanding
600,000,000
Issue Date
Sep 8, 2021
Maturity Date
Perp
Perpetual
Y
Redemption Value
100.000
Bond Rating
Moody's:Ba3
Registration Type
Regulation S
Seniority
Subordinated
Callable
Y
Next Call Date
Sep 8, 2026
Next Call Price
100.000
Reference Rate
H15T5Y
Spread
331.5
Refix Frequency (years)
5
Coupon / Distribution Information
Coupon Frequency
2
Next Coupon Date
Mar 8, 2025
Day Count Basis
ISMA-30/360
Record Date Rule
1 ICSD Business Day prior to the relevant Interest Payment Date
Underlying Bond Features
Distribution Discretions:
- The Issuer may, at its full discretion and as it deems fit, elect at any time to cancel (in whole or in part) interest otherwise scheduled to be paid in respect of a Series of Additional Tier 1 Notes.
- Interest on the Additional Tier 1 Notes will be non-cumulative and any cancellation of interest on Additional Tier 1 Notes in accordance with Condition 2.3 will not constitute an event of default in respect of the Additional Tier 1 Notes.
- In the event of any cancellation of interest on Additional Tier 1 Notes, the Issuer will face certain restrictions on its ability to make payments in
respect of securities ranking junior to, or pari passu with, such Additional Tier 1 Notes, as set out in Condition 2.3(c).
Write-down on a Loss Absorption Event:
In the event of a PONV Trigger Event, Subordinated Notes will be subject to interest cancellation and Write-Down (as defined in Condition 7.1(c)). Any nominal amount Written-Down due to the occurrence of a PONV Trigger Event will not be restored in any circumstances. Further, Additional Tier 1 Notes will also be subject to interest cancellation and Write-Down upon the occurrence of a CET1 Trigger Event, with any Reinstatement (as defined in Condition 7.2(b)) being at the Issuer’s option and subject to regulation. See Condition 7 and “Risk Factors — Risks Relating to the Subordinated Notes” for further details.
Related Documents
Final Terms
This document constitutes the Final Terms relating to the issue of BondbloX BEXUSY1009XAA73.
Disclaimer
Information regarding the Underlying Bonds is extracted purely on best-efforts basis from the actual program documents currently publicly available to BondEvalue and is not intended to be complete or absolute. No warranty is made as to the completeness or accuracy of such information nor its extraction. Please refer to the actual program documents for complete and accurate information governing the Underlying Bonds.
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