Security Name: 7.64% Axis Bank Limited 07 Mar 2034
ISIN:
INE238A08492
Taxable
Tax Category
07 Mar, 2034
Maturity Date
(8 Yr 10 Mo 11 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
07 Mar, 2024
Allotment Date
NA
Put Date
07 Mar, 2026
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
7.64%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
Axis Bank Limited
Axis Bank is a new private sector bank incorporated on December 03, 1993. Axis Bank is third-largest bank in the private sector banking space with total assets size of Rs.11,13,065.54 crores as on December 31, 2021. As on December 31, 2021, the Bank had a network of 4,700 domestic branches, In terms of ATMs and cash recyclers, as on December 31, 2021, the bank had 11,060 ATMs and 5,943 cash recyclers spread across the country.
The ratio in FY24 is 2.12x and it was 3.15x in FY23 indicating decrease in debt levels, due to increase in profitability of the issuer.
Debt/EBITDA
The ratio in FY24 is 1.55x and it was 1.40x in FY23, indicating increase in debt servicing ability due to increase in profitability of the issuers.
Interest coverage ratio
Recent News
New credit card rules in April 2024 for SBI Card, ICICI Bank, Axis Bank
Mar 30, 2024 | Axis Bank Limited
Axis Bank Launches Digital US Dollar Fixed Deposits for NRIs at GIFT City
Mar 30, 2024 | Axis Bank Limited
Axis Bank's new savings account for women is packed with perks, discounts
Dec 03, 2024 | Axis Bank Limited
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STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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BOND VALUE DETAILS
Face Value
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Total Investment
| Cashflow for INE238A08492 |
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| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
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| Security Name |
|---|
| 7.64% Axis Bank Limited 07 Mar 2034 |
| Credit Rating |
|---|
| AAA Stable by ICRA |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 7.640000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 07/03/2034 |
| Security |
|---|
| Senior Unsecured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Principal Amount |
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| ₹NaN |
| Accrued Interest |
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| ₹NaN |
| Stamp Duty |
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| ₹0 |
| Total Amount Payable |
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| ₹NaN |
| Price |
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| ₹NaN |
| Yield |
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| % |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
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Quote Not Available for purchase
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
