A
AAA / Stable Unsecured NCD

AXIS Bank Ltd.

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2031

Current YTM
7.66%
Market YTM
Coupon Rate
6.99%
Per annum
Maturity Date
22 Dec 2031
5.3 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual)
7.66%
Live, last traded 2026-08-11
10Y G-Sec Benchmark
6.68%
Reference point, not this bond's tenor
Spread over G-Sec
+143 bps
vs 5.3Y G-Sec at 6.23%
Below the median spread for similar-tenor peers
Tenure
5.3 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
22 Dec 2026
Interest Payment
₹69,900.00 / Bond
22 Dec 2027
Interest Payment
₹69,900.00 / Bond
22 Dec 2028
Interest Payment
₹69,900.00 / Bond
22 Dec 2029
Interest Payment
₹69,900.00 / Bond
22 Dec 2030
Interest Payment
₹69,900.00 / Bond
22 Dec 2031
Principal Payment
₹1,000,000.00 / Bond

Next 5 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 2021-12-22 Matures 2031-12-22

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

Key Metrics
Coupon Rate
6.99%
YTM (Annual)
7.66%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
5.3 Years
Advanced metrics
Modified Duration
4.09 Yrs
Macaulay Duration
4.40 Yrs
Issue Size
₹5,000 Cr
Minimum Investment
₹1,000,000
(1 Bond)
Market Characteristics
Modified Duration
4.09 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-11
NSE OTC (WAP)
Trades (30 Days)
1
Exchange-reported sessions
Security Status
Unsecured
No call option
Observations
  • This bond is unsecured.
  • 1 secondary-market trade recorded in the last 30 days.
  • Coupon is 3.01 percentage points below the median for tracked NCD bonds. (based on 18935 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 8 Aug 2026
Instrument Type
NCD
Issue Date
2021-12-22
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

AXIS Bank Ltd. issued this rated, ncd (ABL-6.99%-22-12-31-PVT) carrying a 6.99% p.a. coupon, paid annual. It repays principal on maturity.

Rating Action History 1 actions
DateAgencyActionRatingOutlookRationale
2026-07-13 CRISIL Reaffirm View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-11 97.0638 7.6600 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2021-12-31
Rating Actions History 1 2026-07-13
Secondary-Market Trades 1 NSE OTC (WAP) 2026-08-11
Reg52(4) Payment Disclosures 0
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 6.99% Dec 2031 NCD?

AXIS Bank 6.99% Dec 2031 NCD carries a coupon of 6.99%, paid annual, on a face value of ₹1,000,000.

When does AXIS Bank 6.99% Dec 2031 NCD mature?

AXIS Bank 6.99% Dec 2031 NCD matures on 2031-12-22, 5.3 years from today.

What is AXIS Bank 6.99% Dec 2031 NCD rated?

AXIS Bank 6.99% Dec 2031 NCD is rated AAA by CRISIL. As of 2021-12-31.

Is AXIS Bank 6.99% Dec 2031 NCD secured?

AXIS Bank 6.99% Dec 2031 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does AXIS Bank 6.99% Dec 2031 NCD trade?

AXIS Bank 6.99% Dec 2031 NCD is listed on BSE.

What yield does AXIS Bank 6.99% Dec 2031 NCD currently offer?

The last recorded trade on 2026-08-11 priced AXIS Bank 6.99% Dec 2031 NCD at ₹97.06, implying a yield to maturity of 7.66%.

More Bonds from This Issuer
A
AXIS Bank 7.84% Nov 2026 NCD
AAA
Coupon
7.84%
Maturity
23 Nov 2026
A
AXIS Bank 7.65% Jan 2027 NCD
AAA
Coupon
7.65%
Maturity
30 Jan 2027
A
AXIS Bank 7.66% Jun 2027 NCD
AAA
Coupon
7.66%
Maturity
15 Jun 2027
A
AXIS Bank 8.60% Dec 2028 NCD
AAA
Coupon
8.60%
Maturity
28 Dec 2028
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