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Axis Bank Limited 7.88% 2032 Bond

ISININE238A08484

AXIS BANK LIMITED SR 30 7.88 BD 13DC32 FVRS1CR

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
13 Dec 2022
Interest basis
Simple
Instrument
Debentures
Mode of issue
Private Placement (EBP)
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 / 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: ICRA 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 7.87% to maturity. Enter the price you would pay to see the yield it implies, with the full cashflow ladder.

10 scheduled payments through 13 Dec 2032; final payment ₹1,07,88,000 per bond.

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