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Axis Bank 7.27% Nov 2035 NCD (INE238A08518)

CRISIL AAA / Stable Unsecured NCD

Axis Bank Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2035

10 more bonds from Axis Bank Limited →

Current YTM

8.15%

Market YTM

Coupon Rate

7.27%

Per annum

Maturity Date

26 Nov 2035

9.0 Yrs to Maturity

Interest Payment

Annual

Frequency

Face Value

₹1,00,000

Per Bond

Issuer events

Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.

18 Aug 2026 Credit rating disclosure Credit Rating

Market Position

YTM (Annual)

8.15%

Last traded 4 Nov 2026 (end of day)

10Y G-Sec Benchmark

7.19%

Reference point, not this bond's tenor

Spread over G-Sec

+85 bps

vs 9.0Y G-Sec at 7.30%

Below the median spread for similar-tenor peers

Tenure

9.0 Years

Remaining to maturity

Price vs Yield

— Price (Clean) — Yield (YTM)

30 Jun 20264 Nov 2026

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

26 Nov 2026

Interest Payment

₹7,270.00 / Bond

₹6,543.00 net of 10% TDS (est.)

26 Nov 2027

Interest Payment

₹7,270.00 / Bond

₹6,543.00 net of 10% TDS (est.)

26 Nov 2028

Interest Payment

₹7,270.00 / Bond

₹6,543.00 net of 10% TDS (est.)

26 Nov 2029

Interest Payment

₹7,270.00 / Bond

₹6,543.00 net of 10% TDS (est.)

26 Nov 2030

Interest Payment

₹7,270.00 / Bond

₹6,543.00 net of 10% TDS (est.)

26 Nov 2031

Interest Payment

₹7,270.00 / Bond

₹6,543.00 net of 10% TDS (est.)

26 Nov 2032

Interest Payment

₹7,270.00 / Bond

₹6,543.00 net of 10% TDS (est.)

26 Nov 2033

Interest Payment

₹7,270.00 / Bond

₹6,543.00 net of 10% TDS (est.)

…

+1 more coupon until 26 Nov 2034

₹7,270.00 each / Bond

26 Nov 2035

Final coupon + principal

₹1,07,270.00 / Bond

₹7,270.00 coupon + ₹1,00,000 face value

10 coupons remaining, the last paid with principal at maturity · per ₹1,00,000 face value · projected dates

Net amounts are estimates: 10% TDS applies to a resident with PAN once interest from one issuer reaches ₹10,000 in a financial year. Below that, or with Form 15G/15H, no TDS is deducted. Not tax advice.

Bond Timeline

— Issue / Maturity | Coupon (projected) ┊ Today

Key Metrics

Coupon Rate

7.27%

YTM (Annual)

8.15%

Credit Rating

AAA

(CRISIL) · rated 30 Nov 2025, 11 months ago

Remaining Tenure

9.0 Years

Advanced metrics

Modified Duration

5.92 Yrs

Macaulay Duration

6.40 Yrs

Issue Size

₹5,000 Cr

Minimum Investment

₹1,00,000

1 bond × ₹1,00,000 face value (BSE market lot)

Market Characteristics

Modified Duration

5.92 Yrs

Price sensitivity per 1% yield move

Payment Frequency

Annual

Last Trade

4 Nov 2026

NSE OTC (WAP)

Trades (30 Days)

4

Exchange-reported sessions

Security Status

Unsecured

No call option

Observations

This bond is unsecured.
4 secondary-market trades recorded in the last 30 days.
Coupon is 2.93 percentage points below the median for tracked NCD bonds. (based on 20,403 tracked NCD bonds with a stated coupon)

Structured Overview

Data as of 8 Nov 2026

Issuer

Axis Bank Limited

Instrument Type

NCD

Issue Date

26 Nov 2025

Day Count Convention

ACT/ACT

Listed Exchange

BSE

Call / Put Option

None disclosed

Axis Bank Limited issued Axis Bank 7.27% Nov 2035 NCD, an unsecured, rated NCD. It pays a 7.27% p.a. coupon, annually. Principal is repaid at maturity.

Rating Timeline

2 ratings on file

Every rating we hold for this ISIN, from every agency and source, newest first. NSE listing dates are the day we first saw the rating there, not the agency’s date.

Date	Agency	Rating	Outlook	Status	Source
30 Nov 2025	CRISIL	AAA	Stable	Latest	BSE listing
2025	India Ratings	AAA	—	NSDL record, 2025	NSDL debt master

Rating Action History

1 actions

Agency actions on Axis Bank Limited and its instruments, not only this bond. Rows marked “This bond” carry this ISIN or an exchange filing that names it.

Date	Agency	Action	Rating	Outlook	Rationale
2026-07-13	CRISIL	Reaffirm	—	—	View →

Issuer health card · ratings, payment record, defaults, trading, filings Nothing flagged →

Rating Actions on Axis Bank Limited

last 12 months

Agencies rate the issuer and its instruments together; an action may cover bank loans or other instruments rather than this bond. This bond marks actions that carry this ISIN or whose exchange filing names it.

Date	Agency	Action	Rating	Rationale
2026-07-13	CRISIL	Reaffirm	—	View →

Alert me about Axis Bank Limited An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.

Recent Market Prices

Recent BSE trades for INE238A08518: trade date, clean price, YTM and number of trades
Trade Date	Clean Price	YTM (%)	Trades
2026-11-04	94.4626	8.1500	—
2026-10-28	93.8524	8.2500	—
2026-10-26	94.1477	8.2000	—
2026-10-23	94.1459	8.2000	—
2026-08-21	97.4500	7.6500	—
2026-08-20	97.4500	7.6500	—
2026-06-30	98.7191	7.4500	—

Data Coverage

Dataset	Records	Detail	Freshness
Credit Ratings	2	CRISIL, India Ratings	2025-11-30
Rating Actions History	1	—	2026-07-13
Secondary-Market Trades	7	NSE OTC (WAP)	2026-11-04
Reg52(4) Payment Disclosures	0	—	—

Documents

Entity metadata

Source: BSE
Last Updated: 8 Nov 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.

₹94,462.60

YTM8.15%

Trade Date 4 Nov 2026 4d ago

SourceNSE OTC (WAP)

Accrued interest (est.)₹6,931.40

Dirty price (est.)₹1,01,394.00

View on BSE → Calculate YTM for this bond

Frequently Asked Questions

What is the coupon rate on Axis Bank 7.27% Nov 2035 NCD?

Axis Bank 7.27% Nov 2035 NCD carries a coupon of 7.27%, paid annual, on a face value of ₹1,00,000.

When does Axis Bank 7.27% Nov 2035 NCD mature?

Axis Bank 7.27% Nov 2035 NCD matures on 26 Nov 2035, 9.0 years from today.

What is Axis Bank 7.27% Nov 2035 NCD rated?

Axis Bank 7.27% Nov 2035 NCD is rated AAA by CRISIL (rating dated 30 Nov 2025).

Is Axis Bank 7.27% Nov 2035 NCD secured?

Axis Bank 7.27% Nov 2035 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does Axis Bank 7.27% Nov 2035 NCD trade?

Axis Bank 7.27% Nov 2035 NCD is listed on BSE.

What yield does Axis Bank 7.27% Nov 2035 NCD currently offer?

The last recorded trade on 4 Nov 2026 priced Axis Bank 7.27% Nov 2035 NCD at ₹94,462.60 per bond, implying a yield to maturity of 8.15%.

More Bonds from This Issuer

A

Axis Bank 7.84% Nov 2026 NCD

INE238A08419

AAA NSDL record, 2016

Coupon

7.84%

Maturity

23 Nov 2026

View Details

A

Axis Bank 7.65% Jan 2027 NCD

INE238A08468

AAA

Coupon

7.65%

Maturity

30 Jan 2027

View Details

A

Axis Bank 7.66% Jun 2027 NCD

INE238A08435

AAA NSDL record, 2017

Coupon

7.66%

Maturity

15 Jun 2027

View Details

A

Axis Bank 8.60% Dec 2028 NCD

INE238A08450

AAA NSDL record, 2018

Coupon

8.60%

Maturity

28 Dec 2028

View Details

Compare (/) Compare Bonds

Comparable NCDs maturing near 2035

Active bonds from other issuers with maturity within 12 months of this one, listed first when they are in the same face-value band as this bond and traded in the last 30 days, then by closest coupon to 7.27%. For comparison only, not a recommendation.

Bond	Issuer	Rating	Coupon	Maturity
INE041007191	Embassy Office Parks REIT	AAA	7.25%	2035-07-24
INE053F08460	Indian Railway Finance Corporation Limited	AAA	7.25%	2035-01-17
INE031A08939	Housing and Urban Development Corporation Limited	AAA	7.29%	2035-02-12
INE476A08274	Canara Bank	AAA	7.24%	2036-02-27
INE084A08235	Bank of India	AA+	7.23%	2035-12-26
INE020B08FQ8	REC Limited	AAA	7.32%	2035-02-28

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