8.39% Aavas Financiers Limited - AA Rated (INE216P07167)

Aavas Financiers Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE216P07167, with a face value of ₹1,00,00,000 rs on 16Sep19 to raise 345 crores. The debt instrument is issued with a coupon rate of 8.39% and its interest is paid Semi Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Secured Debenture is 8.39% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 15/09/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given AA rating to this Debenture on 16Sep19. This issuer is formerly known as AU HOUSING FINANCE LIMITED, AU HOUSING FINANCE PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.