Instrument Details

ISIN: INE891K07788

Face value

₹10,00,000

Coupon rate

GSEC LINKED

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

100

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

14 Jun 2022

Maturity Date

13 Jun 2025

Perpetual

Yes

Listing Status

Listed

Rating status

PP-MLD AAA (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

AXIS FINANCE LIMITED SR AFL 02/22-23 BR NCD 13JU25 FVRS10LAC
Axis Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE891K07788, with a face value of ₹10,00,000 rs on 14Jun22 to raise 100 crores. The debt instrument is issued with a coupon rate of GSEC LINKED and its interest is paid on Maturity. 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 6.54 GSEC 2032 LINKED SECURED RATED LISTED REDEEMABLE PRINCIPAL PROTECTED MARKET LINKED NON CONVERTIBLE DEBENTURE. SERIES AFL 02/2022-23. DATE OF MATURITY 13/06/2025.. 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 17Jun22. INDIA RATING AND RESEARCH PVT. LTD has given PP-MLD AAA rating to this Debenture on 30Jun21. 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
PP-MLD AAA
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Date Verified
30 Jun 2023
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Outlook
Stable
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Seniority in Repayment
Senior
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

GSEC LINKED

Returns

Linked to Markets

Bond Rating

PP-MLD 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 INE891K07788 issued by Axis Finance Limited

The instrument name of INE891K07788 ISIN is AXIS FINANCE LIMITED SR AFL 02/22-23 BR NCD 13JU25 FVRS10LAC.
The interest earned from the INE891K07788 bond issued by Axis Finance Limited is paid at the time of maturity
This INE891K07788 bond issued by Axis Finance Limited has been assigned a credit rating of PP-MLD AAA by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE891K07788 bond issued by Axis Finance Limited is GSEC LINKED.
The INE891K07788 Debenture is issued by Axis Finance Limited, a Private Sector company.