Description
BSE announces listing of new debt securities worth ₹10 crore by Axis Finance Limited on private placement basis with 8.04% interest rate.
Summary
BSE has listed new debt securities of Axis Finance Limited worth ₹10 crore on private placement basis. The securities carry an 8.04% annual interest rate and have a 10-year maturity period.
Key Points
- Quantity: 10,000 securities with market lot of 1
- Scrip Code: 977005, Scrip ID: 804AFL35
- ISIN: INE891K08224
- Face Value: ₹1,00,000 per security
- Issue Price: ₹1,00,000 per security
- Credit Rating: CRISIL AAA/Stable, IND AAA/Stable
- Interest Rate: 8.04% per annum
- Trading only in dematerialized form
- Tick size: 1 paise
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form
- Securities must be traded under the specified ISIN number
- Trading members should refer to the Placement Memorandum for detailed information
Important Dates
- Date of Allotment: August 8, 2025
- Interest Payment Dates: Annually from August 8, 2026 to August 8, 2035
- Date of Redemption: August 8, 2035
- Effective Trading Date: August 11, 2025
Impact Assessment
Minimal market impact as this is a routine private placement listing of debt securities. The high credit rating (AAA) indicates strong creditworthiness of the issuer. The securities provide institutional investors with a stable income option at 8.04% annual return over 10 years.
Impact Justification
Routine debt security listing with limited market impact