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Security Name: 8.15% Axis Finance Limited (P) Call: 27 Dec 2032

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ISIN:
INE891K08158
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Taxable

Tax Category

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27 Dec, 2032

Call Date
(8 Yr 22 D to call)

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Yearly

Interest Payment Frequency

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No

NRI Eligibility

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26 Dec, 2022

Allotment Date

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NA

Put Date

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26 Dec, 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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Quote Not Available

Dirty Price

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8.15%

Coupon

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Fixed Interest

Coupon Basis

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NaN%

Current Yield

YOUR EARNING
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Your Investment

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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
Credit Rating
Low SafetyHigh Safety
AAA Stable
CARE
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 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.

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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.

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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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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
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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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BOND VALUE DETAILS

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Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.

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