Security Name: 7.90% Axis Finance Limited (P) Call : 25 Aug 2031
ISIN:
INE891K08083
Taxable
Tax Category
25 Aug, 2031
Call Date
(6 Yr 7 Mo 7 D to call)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
25 Aug, 2021
Allotment Date
NA
Put Date
25 Aug, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
Yes
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
7.9%
Coupon
Fixed Interest
Coupon Basis
NaN%
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 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 FY24 is 9.64x and it was 9.30x in FY23, indicating increase in debt levels due to increase in borrowings of the issuer in FY24.
Debt/EBITDA
The ratio in FY24 is 1.43x and it was 1.65x in FY23, indicating decrease in the debt servicing ability of the issuer to increase in the Interest on borrowings and Interest on debt securities in FY24.
Interest coverage ratio
Recent News
Axis Finance approaches NCLAT against NCLT approval of Zee-Sony merger
Apr 10, 2024 | Axis Finance Limited
Axis Finance announce raising more funds
Apr 10, 2024 | Axis Finance Limited
Axis Finance appoints Sai Giridhar as the managing director and CEO
Sep 24, 2024 | Axis Finance 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
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Total Investment
| Cashflow for INE891K08083 |
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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 |
|---|
| 7.90% Axis Finance Limited (P) Call : 25 Aug 2031 |
| Credit Rating |
|---|
| AAA Stable by CRISIL AAA Stable by BWR |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹1,00,00,000 |
| Coupon |
|---|
| 7.900000% |
| YTM or YTC |
|---|
| YTC |
| Call Date |
|---|
| 25/08/2031 |
| Security |
|---|
| Senior Unsecured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
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| 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 | 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.
