Under this USD5 billion Medium Term Note Programme (“MTN Programme”), Axis Bank Limited (“Bank”), acting through its Singapore Branch, Hong Kong Branch, Dubai International Financial Centre(DIFC) Branch or other foreign branch, as the case may be, may from time to time drawdown notes denominated in any currency agreed between the Issuer and the relevant Dealer.

Pursuant to the MTN Programme, the Bank has issued Notes aggregating to USD 500 million carrying a coupon of 2.875% due in 2021, being the first “Green Bond” issuance from the Bank.

Total Deal consideration was of Issue Size USD 5 billion (INR 325 billion) and Drawdown of USD 500 million (INR 32.5 billion).

Team comprised on Shameek Chaudhuri (Partner), Manan Mehta (Senior Associate) and Ashwin Tiwari (Associate).