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7.90%Axis Finance Limited (P) Call : 25 Aug 2031

ISIN:
INE891K08083
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Taxable

Tax Category

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25 Aug, 2031

Call Date
(7 Yr 2 Mo 11 D to call)

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Yearly

Interest Payment Frequency

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No

NRI Eligibility

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25 Aug, 2021

Allotment Date

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NA

Put Date

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25 Aug, 2024

Next Interest Payment Date

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15 days

Shut Period

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Both

Active on NSDL/CDSL

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Non-Guaranteed

Type of Guarantee

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Yes

Perpetual

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Private Placement

Mode of Issue

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Listed

Listing Details

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Non Public Sector Undertaking

Type of Issuer

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Dirty Price

YOUR EARNING
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Your Investment

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Final Payout

₹0

Year
Payment Schedule(Date)
Interest Payout(₹)
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Credit Rating
Low SafetyHigh Safety
AAA Stable
CRISIL
AAA Stable
BWR
Senior

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Unsecured

Security with Collateral?

An investment secured with collateral helps

ISSUER
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Axis Finance Limited

Axis Finance Limited (AFL) is a Non- Banking Financial Company (NBFC) which provides Wholesale and Retail lending solutions to Corporate and Retail customers. It is a wholly owned subsidiary of Axis Bank Ltd and provides services including Loan against Property, Business Loan, Consumer Finance, Personal Loan and Loan against Securities.

The ratio in FY23 is 9.30x and it was 11.73x in FY22, indicating slight decrease in debt levels due to increase in profits.

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Debt/EBITDA

The ratio in FY23 is 1.65x and it was 1.67x in FY22, indicating decrease in debt servicing ability of the issuer due to increase in finance cost.

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Interest coverage ratio

Recent News
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Axis Finance approaches NCLAT against NCLT approval of Zee-Sony merger

Apr 10, 2024 | Axis Finance Limited

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Axis Finance announce raising more funds

Apr 10, 2024 | Axis Finance Limited

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STEPS TO BUY THIS BOND
Complete KYCe-KYC approval in just 5 minutes!Place your OrderSwipe right to buy this Bond.Transfer funds to ICCLUse Net Banking or visit your nearest branch.SettlementSit back and relax, while we deliver your Security!
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
At MaturityThe Issuer will return your principal and redeem the bond
Sell your bond anytimeYou can sell your bond anytime you want by reaching out to your Relationship Manager.
E-Book
To know more about the Bond and the issuer, download the Information Memorandum.
E-Book
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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