5.80% Axis Finance Limited - AAA Rated (INE891K07630)

Axis Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE891K07630, with a face value of ₹10,00,000 rs on 25Mar21 to raise 400 crores. The debt instrument is issued with a coupon rate of 5.80% and its interest is paid Annually. 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 5.80% SECURED RATED LISTED SENIOR REDEEMBALE NON CONVERTIBLE DEBENTURES.SERIES 11/ 2020-21. DATE OF MATURITY 24/03/2023. 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 30Mar21. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 27May20. 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.