A
AAA Unsecured NCD

AXIS Bank Ltd.

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2028

Current YTM
No live YTM available
Coupon Rate
8.60%
Per annum
Maturity Date
28 Dec 2028
2.3 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual) EST
~8.60%
Proxied from coupon — no live trade, not a true YTM
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+423 bps
vs 2.3Y G-Sec at 4.37% *
Above the median spread for similar-tenor peers
Tenure
2.3 Years
Remaining to maturity
Price vs Yield

Price chart data not available

Secondary market trade data is collected over time as bonds trade on BSE/NSE. Needs at least 3 trade dates.
Cashflow Timeline
28 Dec 2026
Interest Payment
₹86,000.00 / Bond
28 Dec 2027
Interest Payment
₹86,000.00 / Bond
28 Dec 2028
Principal Payment
₹1,000,000.00 / Bond

Next 2 coupons + principal at maturity · per ₹1,000,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Reaffirmed: by CRISIL on 2026-07-13 Issued 2018-12-28 Matures 2028-12-28

1 rating action on file since issue — hover a dot for detail.

Key Metrics
Coupon Rate
8.60%
YTM (Annual)
Credit Rating
AAA
(ICRA)
Remaining Tenure
2.3 Years
Advanced metrics
Modified Duration
1.93 Yrs
Macaulay Duration
2.10 Yrs
Issue Size
₹3,000 Cr
Minimum Investment
₹1,000,000
(1 Bond)
Market Characteristics
Modified Duration
1.93 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
No recorded trades
Trades (30 Days)
0
Exchange-reported sessions
Security Status
Unsecured
No call option
Observations
  • This bond is unsecured.
  • No secondary-market trades recorded in the last 30 days.
  • Coupon is 1.40 percentage points below the median for tracked NCD bonds. (based on 18927 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 8 Aug 2026
Instrument Type
NCD
Issue Date
2018-12-28
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

ABL-8.60%-28-12-28-PVT is a rated, redeemable ncd issued by AXIS Bank Ltd.. The bond offers a fixed coupon of 8.60% p.a. with annual interest payments and repays principal on maturity.

Rating Action History 1 actions
DateAgencyActionRatingOutlookRationale
2026-07-13 CRISIL Reaffirm View →
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 ICRA 2018-12-24
Rating Actions History 1 2026-07-13
Secondary-Market Trades 0
Reg52(4) Payment Disclosures 0
  • No secondary-market trades recorded — YTM figures use the coupon rate as a proxy.
Documents
Entity metadata
Source
bse_bonds
Last Updated
8 Aug 2026

Risk warning: This page is for informational purposes only. Bond investments carry credit risk, interest rate risk, and liquidity risk. Credit ratings reflect agency opinion at a point in time. Nothing here constitutes investment advice or a recommendation. Verify all details against the issuer's offer document and the exchange. RetailBonds.in is not a SEBI-registered intermediary. See our full disclaimer.

Frequently Asked Questions
What is the coupon rate on AXIS Bank 8.60% Dec 2028 NCD?

AXIS Bank 8.60% Dec 2028 NCD carries a coupon of 8.60%, paid annual, on a face value of ₹1,000,000.

When does AXIS Bank 8.60% Dec 2028 NCD mature?

AXIS Bank 8.60% Dec 2028 NCD matures on 2028-12-28, 2.3 years from today.

What is AXIS Bank 8.60% Dec 2028 NCD rated?

AXIS Bank 8.60% Dec 2028 NCD is rated AAA by ICRA. As of 2018-12-24.

Is AXIS Bank 8.60% Dec 2028 NCD secured?

AXIS Bank 8.60% Dec 2028 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does AXIS Bank 8.60% Dec 2028 NCD trade?

AXIS Bank 8.60% Dec 2028 NCD is listed on BSE.

More Bonds from This Issuer
A
AXIS Bank 7.84% Nov 2026 NCD
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Maturity
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AXIS Bank 7.65% Jan 2027 NCD
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Maturity
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A
AXIS Bank 7.66% Jun 2027 NCD
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Maturity
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AXIS Bank 6.99% Dec 2031 NCD
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Maturity
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