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Instrument Details

ISIN: INE891K08059

Face value

₹10,00,000

Coupon rate

8.08%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

100

Instrument Type

Debenture

Returns

High

Date of Issue

14 Sep 2017

Maturity Date

14 Sep 2027

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-Upper

Guarantee Type

Non Convertible

About this Bond

AXIS FINANCE LIMITED SR-03 8.08 NCD 14SP27 FVRS10LAC
Axis Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE891K08059, with a face value of ₹10,00,000 rs on 14Sep17 to raise 100 crores. The debt instrument is issued with a coupon rate of 8.08% 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 8.08% UNSECURED LISTED REDEEMABLE NON CONVERTIBLE SUBORDINATED (TIER II) DEBENTURES. SERIES 03/2017-18. DATE OF MATURTIY 14/09/2027. 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 27Sep17. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 14Sep17. 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 2023
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Outlook
Stable
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Seniority in Repayment
Subordinate Tier 2-Upper
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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
14-Sep-17 : Your investment
₹80,80,000
14-Sep-18 : Interest
₹80,80,000
14-Sep-19 : Interest
₹80,80,000
14-Sep-20 : Interest
₹80,80,000
14-Sep-21 : Interest
₹80,80,000
14-Sep-22 : Interest
₹80,80,000
14-Sep-23 : Interest
₹80,80,000
14-Sep-24 : Interest
₹80,80,000
14-Sep-25 : Interest
₹80,80,000
14-Sep-26 : Interest
₹80,80,000
14-Sep-27 : Interest
₹18,08,00,000
14-Sep-27 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,08,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.08%

Returns

High

Bond Rating

AAA

Seniority in Repayment

Subordinate Tier 2-Upper

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 INE891K08059 issued by Axis Finance Limited

The instrument name of INE891K08059 ISIN is AXIS FINANCE LIMITED SR-03 8.08 NCD 14SP27 FVRS10LAC.
The interest earned from INE891K08059 bond issued by Axis Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE891K08059 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 8.08%, which determines the periodic interest payments made to bondholders.
The INE891K08059 Debenture is issued by Axis Finance Limited, a Private Sector company.
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