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Instrument Details

ISIN: INE238A08401

Face value

₹10,00,000

Coupon rate

7.60%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

5000

Instrument Type

Debenture

Returns

Medium

Date of Issue

20 Oct 2016

Maturity Date

20 Oct 2023

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

AXIS BANK LIMITED SR-3 7.6 NCD 20OT23 FVRS10LAC
Axis Bank Limited, a Private Sector Bank company, has floated Debenture, having ISIN value as INE238A08401, with a face value of ₹10,00,000 rs on 20Oct16 to raise 5000 crores. The debt instrument is issued with a coupon rate of 7.60% 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 7.60% UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 3. DATE OF MATURITY 20/10/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 27Oct16 & on BSE stock exchange on 28Oct16. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 10Oct16. This issuer is formerly known as UTI BANK LIMITED 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
01 Mar 2022
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Outlook
Stable
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Seniority in Repayment
Senior
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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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
20-Oct-16 : Your investment
₹76,00,000
20-Oct-17 : Interest
₹76,00,000
20-Oct-18 : Interest
₹76,00,000
20-Oct-19 : Interest
₹76,00,000
20-Oct-20 : Interest
₹76,00,000
20-Oct-21 : Interest
₹76,00,000
20-Oct-22 : Interest
₹76,00,000
20-Oct-23 : Interest
₹15,32,00,000
20-Oct-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹5,32,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.60%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Private Sector Bank
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE238A08401 issued by Axis Bank Limited

The instrument name of INE238A08401 ISIN is AXIS BANK LIMITED SR-3 7.6 NCD 20OT23 FVRS10LAC.
The interest earned from INE238A08401 bond issued by Axis Bank Limited is paid Annually, ensuring regular and consistent income for investors.
This INE238A08401 bond issued by Axis Bank Limited has been assigned a credit rating of AAA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 7.6%, which determines the periodic interest payments made to bondholders.
The INE238A08401 Debenture is issued by Axis Bank Limited, a Private Sector company.
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