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Instrument Details

ISIN: INE891K08091

Face value

₹1,00,00,000

Coupon rate

7.42%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

160

Instrument Type

Debenture

Returns

Medium

Date of Issue

06 Dec 2021

Maturity Date

12 May 2031

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

AXIS FINANCE LIMITED SR 12 7.42 NCD 05DC31 FVRS1CR
Axis Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE891K08091, with a face value of ₹1,00,00,000 rs on 06Dec21 to raise 160 crores. The debt instrument is issued with a coupon rate of 7.42% 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 Unsecured Debenture is 7.42% UNSECURED RATED LISTED SUBORDINATED REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES AFL 12 /2021-22.DATE OF MATURITY 05/12/2031. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 08Dec21. INDIA RATING AND RESEARCH PVT. LTD has given 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
AAA
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Date Verified
07 Jan 2025
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Outlook
Stable
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Seniority in Repayment
Subordinate Tier 2
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Security
Unsecured
Investment Calculation (Pre-Tax)

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

Face Value
₹1,00,00,000
Lot Size
100
Minimum Investment
₹1,00,00,00,000

Cashflow

₹1,00,00,00,000
06-Dec-21 : Your investment
₹7,42,00,000
06-Dec-22 : Interest
₹7,42,00,000
06-Dec-23 : Interest
₹7,42,00,000
06-Dec-24 : Interest
₹7,42,00,000
06-Dec-25 : Interest
₹7,42,00,000
06-Dec-26 : Interest
₹7,42,00,000
06-Dec-27 : Interest
₹7,42,00,000
06-Dec-28 : Interest
₹7,42,00,000
06-Dec-29 : Interest
₹7,42,00,000
06-Dec-30 : Interest
₹1,66,78,00,000
12-May-31 : Maturity amount (Investment: ₹1,00,00,00,000, Interest earned: ₹66,78,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.42%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

Subordinate Tier 2

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
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Rating

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Rated ★ 4.3+ on

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FAQs about INE891K08091 issued by Axis Finance Limited

The instrument name of INE891K08091 ISIN is AXIS FINANCE LIMITED SR 12 7.42 NCD 05DC31 FVRS1CR.
The interest earned from INE891K08091 bond issued by Axis Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE891K08091 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 7.42%, which determines the periodic interest payments made to bondholders.
The INE891K08091 Debenture is issued by Axis Finance Limited, a Private Sector company.
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