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Axis Finance Limited 7.42% 2031 Bond

ISININE891K08091

AXIS FINANCE LIMITED SR 12 7.42 NCD 05DC31 FVRS1CR

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
6 Dec 2021
Interest basis
Simple
Instrument
Debentures
Mode of issue
Private Placement (non-EBP)
Series
SERIES 12
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

CRISIL AAA / StableIndia Ratings 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: CRISIL AAA/Stable;IND 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 7.41% to maturity. Enter the price you would pay to see the yield it implies, with the full cashflow ladder.

10 scheduled payments through 5 Dec 2031; final payment ₹1,07,42,000 per bond.

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