Description
BSE announces listing of 10 series of secured redeemable non-convertible debentures issued by KLM Axiva Finvest Limited with various coupon rates and maturity periods.
Summary
BSE has announced the listing of secured redeemable non-convertible debentures (NCDs) of KLM Axiva Finvest Limited across 10 different series. The NCDs have face values of Rs. 1,000 each, with varying coupon rates ranging from 9.50% to 11.00% per annum and maturity periods extending from September 2026 to February 2032.
Key Points
- Total of 10 series of NCDs listed with different characteristics
- Face value of Rs. 1,000 per NCD across all series
- Coupon rates vary from 9.50% to 11.00% per annum
- Series II and X are cumulative in nature
- Interest payment frequency varies: Monthly, Annually, and Cumulative
- Credit rating: ACUITE BBB/Stable
- Market lot: One NCD
- Date of allotment: July 28, 2025
Regulatory Changes
No regulatory changes introduced. This is a standard debt securities listing announcement.
Compliance Requirements
- NCDs to trade under assigned scrip codes and ISIN numbers
- Standard BSE debt market segment trading rules applicable
- Compliance with debenture trustee requirements for secured NCDs
Important Dates
- Allotment Date: July 28, 2025
- First Interest Payment: September 1, 2025 (for most series)
- Maturity Dates: Range from September 1, 2026 to February 27, 2032
- Earliest Maturity: September 1, 2026 (Series I)
- Latest Maturity: February 27, 2032 (Series X)
Impact Assessment
Minimal market impact as this represents routine debt securities listing. The NCDs provide additional investment options for debt market participants seeking secured instruments with varying maturity profiles and coupon rates. The BBB/Stable rating indicates moderate credit quality, suitable for conservative debt investors.
Impact Justification
Routine debt securities listing with limited market impact