Security Name: 9.60% Bharti Axa Life Insurance Company Limited 27 Sep 2033
ISIN: INE089J08037
Taxable
Tax Category
27 Sep, 2028
Call Date
(2 Yr 11 Mo 4 D to call)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
27 Sep, 2023
Allotment Date
NA
Put Date
27 Sep, 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
9.6%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
12 Sep, 2026
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
Bharti Axa Life Insurance Company Limited
BAXA-LI was a joint venture between the Bharti Group and the AXA Group, with BLVPL holding 51% and AXA India Holdings Limited (Mauritius) holding a 49% stake in the company. In March 2024, BLVPL secured full control of Bharti AXA Life Insurance, completing acquisition of AXA's 49% stake. The company expects to conclude the rebranding exercise by Q3FY26-end. In Q1FY26, 360 One acquired 15% stake in the company via secondary sale transaction. The company was incorporated in October 2005 and commenced operations in 2006.
The ratio in FY25 is -4.13x and it was -0.79x in FY24 indicating that while EBITDA remains negative, the company is operating at a smaller loss.
Debt/EBITDA
The ratio in FY25 is -2.57x and it was -17.28x in FY24, indicating while there is some improvement in operational losses, the company’s earnings remain insufficient to service debt.
Interest coverage ratio
Recent News
Bharti Group in talks with SBI Life
Apr 03, 2024 | Bharti Axa Life Insurance Company Limited
Expect moderate gains in 6-12 months
Apr 03, 2024 | Bharti Axa Life Insurance Company Limited
Bharti AXA introduces insurance plan for middle-income India
Aug 01, 2025 | Bharti Axa Life Insurance Company Limited
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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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Total Investment
| Cashflow for INE089J08037 |
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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 |
|---|
| 9.60% Bharti Axa Life Insurance Company Limited 27 Sep 2033 |
| Credit Rating |
|---|
| AA Stable by CARE |
| Coupon Frequency |
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| Yearly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 9.600000% |
| YTM or YTC |
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| YTC |
| Call Date |
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| 27/09/2028 |
| Security |
|---|
| Unsecured Subordinated Tier 2 |
| No. of Bonds |
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| 1 |
| Settlement Date |
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| 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.
