Description
BSE announces listing of new debt securities by Axis Finance Limited on private placement basis with 8.04% interest rate and 10-year tenure.
Summary
BSE has listed new debt securities of Axis Finance Limited issued on private placement basis with effect from August 11, 2025. The securities carry 8.04% annual interest rate and mature on August 8, 2035.
Key Points
- Quantity: 10,000 securities with market lot of 1
- Face Value: Rs. 1,00,000 per security
- Interest Rate: 8.04% per annum
- Credit Rating: CRISIL AAA/Stable, IND AAA/Stable
- ISIN: INE891K08224
- Scrip Code: 977005
Regulatory Changes
No regulatory changes announced.
Compliance Requirements
- Securities will trade only in dematerialized form
- Tick size is 1 paise
- Trading members should refer to Placement Memorandum for further details
Important Dates
- Date of Allotment: August 8, 2025
- Interest Payment: Annually from August 8, 2026 to August 8, 2035
- Redemption Date: August 8, 2035
- Trading Commencement: August 11, 2025
Impact Assessment
Minimal market impact as this is a routine debt listing. The high credit rating (AAA/Stable) indicates strong creditworthiness of the issuer. The 8.04% interest rate reflects current market conditions for corporate debt.
Impact Justification
Routine debt listing with minimal market impact