A
AAA Secured NCD

Axis Finance Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2028

Current YTM
7.50%
Market YTM
Coupon Rate
7.95%
Per annum
Maturity Date
26 May 2028
1.7 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
7.50%
Live, last traded 2026-07-28
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+207 bps
vs 1.7Y G-Sec at 5.43%
Below the median spread for similar-tenor peers
Tenure
1.7 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-02 2026-07-28
Cashflow Timeline
26 May 2027
Interest Payment
₹7,950.00 / Bond
26 May 2028
Principal Payment
₹100,000.00 / Bond

Next 1 coupon + principal at maturity · per ₹100,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 2023-05-26 Matures 2028-05-26
Key Metrics
Coupon Rate
7.95%
YTM (Annual)
7.50%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
1.7 Years
Advanced metrics
Modified Duration
1.55 Yrs
Macaulay Duration
1.67 Yrs
Issue Size
₹500 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
1.55 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-07-28
BSE
Trades (30 Days)
0
Exchange-reported sessions
Security Status
Secured
No call option
Observations
  • This bond is secured.
  • No secondary-market trades recorded in the last 30 days.
  • Coupon is 2.05 percentage points below the median for tracked NCD bonds. (based on 18927 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 16 Jul 2026
Instrument Type
NCD
Issue Date
2023-05-26
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

7.95% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SERIES 2 DATE OF MATURITY 26/05/2028 is a secured, rated, redeemable ncd issued by Axis Finance Limited. The bond offers a fixed coupon of 7.95% p.a. with annual interest payments and repays principal on maturity.

Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-07-28 100.7000 7.5000 1
2026-07-27 100.1031 7.8500 3
2026-07-20 99.8585 8.0000 1
2026-07-02 99.9500 7.9500 1
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2023-05-15
Rating Actions History 0
Secondary-Market Trades 4 BSE 2026-07-28
Reg52(4) Payment Disclosures 0
Documents
Entity metadata
Source
nsdl_master_promoted
Last Updated
16 Jul 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 Finance 7.95% May 2028 NCD?

Axis Finance 7.95% May 2028 NCD carries a coupon of 7.95%, paid annual, on a face value of ₹100,000.

When does Axis Finance 7.95% May 2028 NCD mature?

Axis Finance 7.95% May 2028 NCD matures on 2028-05-26, 1.7 years from today.

What is Axis Finance 7.95% May 2028 NCD rated?

Axis Finance 7.95% May 2028 NCD is rated AAA by CRISIL. As of 2023-05-15.

Is Axis Finance 7.95% May 2028 NCD secured?

Axis Finance 7.95% May 2028 NCD is a secured bond.

What yield does Axis Finance 7.95% May 2028 NCD currently offer?

The last recorded trade on 2026-07-28 priced Axis Finance 7.95% May 2028 NCD at ₹100.70, implying a yield to maturity of 7.50%.

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