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Axis Bank Limited 7.65% 2027 Bond

ISININE238A08468

AXIS BANK LIMITED SR 5 7.65 NCD 30JN27 FVRS10LAC

Axis Bank Limited is a corporate (non-PSU) issuer in the Private Sector Bank sector. This directory lists 9 of its bonds.

Key terms

Issue date
30 Jan 2020
Interest basis
Simple
Instrument
Debentures
Mode of issue
Private Placement
Series
SERIES 5
Sector
Private Sector Bank
Issuer type
Corporate
Issuer nature
Bank

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

What the rating means

ICRA 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: ICRA 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 7.52% to maturity. Enter the price you would pay to see the yield it implies, with the full cashflow ladder.

7 scheduled payments through 30 Jan 2027; final payment ₹10,76,500 per bond.

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