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Axis Finance Limited 8.5% 2027 Bond

ISININE891K08042

AXIS FINANCE LIMITED SR-02 8.5 NCD 11MY27 FVRS10LAC

Axis Finance Limited is a corporate (non-PSU) issuer in the Non-Banking Financial Company (NBFC) sector. This directory lists 51 of its bonds.

Key terms

Issue date
11 May 2017
Interest basis
Simple
Instrument
Debentures
Mode of issue
Private Placement
Series
02/2017-18
Sector
Non-Banking Financial Company (NBFC)
Issuer type
Corporate

Only disclosed values are shown. Anything not listed here is not available in our data.

What the rating means

India Ratings AAA / StableCRISIL AAA / Stable

AAAmost conservative current agency grade

Each rung groups an agency grade's +/- notches: “AA”, for example, covers AA+, AA and AA-. AAA, C and D are single grades.

AAA is the highest rating an Indian agency assigns. It signals the strongest assessed capacity to pay interest and principal on time: the agency sees the risk of default as the lowest it recognises. Ratings are agency opinions that can change over time, and a rating is not a guarantee of repayment.

Disclosed rating string: IND AAA/Stable;CRISIL AAA/Stable

This describes the bond's credit rating only. Interest-rate, liquidity and reinvestment risks are covered in “Before you act”.

Price, yield & cashflows

At face value this bond yields 8.44% to maturity. Enter the price you would pay to see the yield it implies, with the full cashflow ladder.

10 scheduled payments through 11 May 2027; final payment ₹10,85,000 per bond.

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