Axis Finance Limited - AAA Rated (INE891K07523)

Axis Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE891K07523, with a face value of ₹10,00,000 rs on 07Feb20 to raise 180 crores. The debt instrument is issued with a coupon rate of 0% and its interest is paid Never. 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 Secured Debenture is ZERO COUPON SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES. SERIES 05. DATE OF MATURITY 10/03/2023. 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 19Feb20. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 05Apr19. 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.