Security Name: 8.60% Axis Bank Limited 28 Dec 2028
ISIN:
INE238A08450
Taxable
Tax Category
28 Dec, 2028
Maturity Date
(3 Yr 5 Mo 12 D to mature)
Yearly
Interest Payment Frequency
No
NRI Eligibility
28 Dec, 2018
Allotment Date
NA
Put Date
28 Dec, 2025
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
8.6%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
13 Dec, 2025
Record Date
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 FY25 is 1.79x and it was 2.13x in FY24 indicating decrease in debt level due to decrease in the borrowings of the issuer in FY25.
Debt/EBITDA
The ratio in FY25 is 1.50x and it was 1.56x in FY24, indicating decrease in debt servicing ability due to increased operating expenses, particularly those related to PSLC (Priority Sector Lending Certificate) costs further pressuring profitability.
Interest coverage ratio
Recent News
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
Axis Bank Atlas Cardmembers can now avail international lounge access via Priority Pass
Jul 11, 2025 | 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 INE238A08450 |
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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 |
|---|
| 8.60% Axis Bank Limited 28 Dec 2028 |
| Credit Rating |
|---|
| AAA Stable by CRISIL |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹10,00,000 |
| Coupon |
|---|
| 8.600000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 28/12/2028 |
| Security |
|---|
| Senior Unsecured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Principal Amount |
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| ₹NaN |
| Accrued Interest |
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| ₹0 |
| 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.
