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Instrument Details

ISIN: INE891K07523

Face value

₹10,00,000

Coupon rate

0%

Payment

Never

Tax Type

Taxable

Issue Size (Cr)

180

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

07 Feb 2020

Maturity Date

03 Oct 2023

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

None

Guarantee Type

Non Convertible

About this Bond

AXIS FINANCE LIMITED SR 05 NCD 10MR23 FVRS10LAC
Axis Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE891K07523, with a face value of ₹10,00,000 rs on 07Feb20 to raise 180 crores. The debt instrument is issued with a coupon rate of 0% and its interest is paid Never. 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 ZERO COUPON SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES. SERIES 05. DATE OF MATURITY 10/03/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 19Feb20. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 05Apr19. 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
30 Jun 2022
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Outlook
Stable
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Seniority in Repayment
None
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

0%

Returns

Linked to Markets

Bond Rating

AAA

Seniority in Repayment

None

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 INE891K07523 issued by Axis Finance Limited

The instrument name of INE891K07523 ISIN is AXIS FINANCE LIMITED SR 05 NCD 10MR23 FVRS10LAC.
Never, as INE891K07523 bond issued by Axis Finance Limited is a Zero-coupon bond.
This INE891K07523 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.
The coupon rate of INE891K07523 bond issued by Axis Finance Limited is 0%.
The INE891K07523 Debenture is issued by Axis Finance Limited, a Private Sector company.
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