Singapore, May 23, 2016 -- Moody's Investors Service, ("Moody's") has assigned a Baa3 rating to Axis Bank Ltd's (Axis, Baa3, Positive) proposed USD denominated senior unsecured notes, issued under its US$5 billion Global Medium-Term Note (GMTN) program. The drawdown will be carried out from its Dubai International Financial Centre (DIFC) branch, and Axis will allocate the net proceeds from the sale of the notes for the financing of Eligible Green Projects as described in, and in accordance with, Axis' Green Bond Framework. The bonds will have a maturity of 5 years and will be listed on the Singapore Stock Exchange and the London Stock Exchange.

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