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Instrument Details

ISIN: INE891K07697

Face value

₹10,00,000

Coupon rate

5.75%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

170

Instrument Type

Debenture

Returns

Medium

Date of Issue

09 Sep 2021

Maturity Date

09 Sep 2024

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

AXIS FINANCE LIMITED SR 07 OPT B 5.75 NCD 09SP24 FVRS10LAC
Axis Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE891K07697, with a face value of ₹10,00,000 rs on 09Sep21 to raise 170 crores. The debt instrument is issued with a coupon rate of 5.75% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Secured Debenture is 5.75% SECURED RATED LISTED NON CONVERTIBLE DEBENTURE. SERIES AFL 07/2021-22/OPTION B. DATE OF MATURITY 09/09/2024.. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 15Sep21. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 09Sep21. This issuer is formerly known as AXIS FINANCE PRIVATE LIMITED, ENAM FINANCE PRIVATE LIMITED, KALPATARU HIRE PURCHASE AND LEASING PVT LTD. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AAA
Highest Safety
AAA
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Date Verified
28 Jun 2024
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Outlook
Stable
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Seniority in Repayment
Senior
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Security
Secured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
09-Sep-21 : Your investment
₹57,50,000
09-Sep-22 : Interest
₹57,50,000
09-Sep-23 : Interest
₹57,50,000
09-Sep-24 : Interest
₹11,72,50,000
09-Sep-24 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹1,72,50,000)

Summary

Instrument Attributes

Value

Coupon Rate

5.75%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE891K07697 issued by Axis Finance Limited

The instrument name of INE891K07697 ISIN is AXIS FINANCE LIMITED SR 07 OPT B 5.75 NCD 09SP24 FVRS10LAC.
The interest earned from INE891K07697 bond issued by Axis Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE891K07697 bond issued by Axis Finance Limited has been assigned a credit rating of AAA by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 5.75%, which determines the periodic interest payments made to bondholders.
The INE891K07697 Debenture is issued by Axis Finance Limited, a Private Sector company.
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