Axis Max Life Insurance Limited 7.5% Bond · 2 Aug 2031

Bond terms

Coupon frequency

Annual

Interest type

Fixed Interest

Face value

₹10,00,000

Allotment date

2 Aug 2021

Security

Unsecured

Seniority

Subordinate Tier1

Day-count convention

Not available

Reported tax category

Taxable

Interest & repayment

Interest payments

PAYABLE ON ANNUALLY BASIS ON 02/08/2022,02/08/2023 AND SO ON TILL MATURITY.

Redemption terms

PARTIAL REDEMPTION ON 02/08/2026, 02/08/2027 AND SO ON TILL 02/08/2030.

Call provisions

THE ISSUER SHALL HAVE THE RIGHT TO EXERCISE A CALL OPTION IN RESPECT OF ALL OR PART OF THE DEBENTURES AT THE END OF 5 YEARS FROM THE DEEMED DATE OF ALLOTMENTON ANY CALL OPTION PAYMENT DATE. THE CALL OPTION PAYMENT DATES ARE AUGUST 2, 2026, AND ANNUALLY THEREAFTER ON AUGUST 2, 2027, AUGUST 2, 2028, AUGUST 2, 2029 AND AUGUST 2, 2030.

Put provisions

Put terms are not available. Check whether you can request early repayment.

Credit ratings

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Issuer & listing details

Issuer

Axis Max Life Insurance Limited

ISIN

INE511N08016

Debenture trustee

IDBI Trusteeship Services Limited

Registrar

MAS Services Limited

NSE · reported status

Listed

BSE · reported status

To be listed

Security name

AXIS MAX LIFE INSURANCE LIMITED SR I 7.50 LOA 02AG31 FVRS10LAC

Bond description

7.50%UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTUIRES.LETTER OF ALLOTMENT.DATE OF MATURITY 02/08/2031