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8.65% Aavas Financiers Limited - AA Rated (INE216P07175)
ActivePrivate SectorSecured
Instrument Details
ISIN: INE216P07175
Face value
₹10,00,000
Coupon rate
8.65%
Payment
Semi Annually
Tax Type
Taxable
Issue Size (Cr)
444.4
Instrument Type
Debenture
Returns
High
Date of Issue
30 Mar 2020
Maturity Date
30 Mar 2028
Perpetual
Yes
Listing Status
Unlisted
Rating status
AA (CARE Ratings)
Call Option
Not Available
Put Option
Not Available
Security with Collaterals
Secured
Asset Coverage
-
Seniority in Repayment
Subordinate Tier 1
Guarantee Type
Non Convertible
About this Bond
AAVAS FINANCIERS LIMITED 8.645 NCD 30MR28 FVRS10LAC LOAUPTO07DC20
Aavas Financiers Limited, a Housing Finance Company company, has floated Debenture,
having ISIN value as INE216P07175, with a face value of ₹10,00,000 rs on 30Mar20 to raise 444.4 crores. The debt instrument
is issued with a coupon rate of 8.65% 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 8.645% SECURED RATED UNLISTED REDEEMABLE TRANSFERABLE AND INTEREST BEARING NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. DATE OF MATURITY : 30/03/2028. This instrument is issued in Private Placement mode. It has Simple coupon type
with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given AA rating to
this Debenture on 30Mar20. 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.
Rating (Debt Quality)
Investment Calculation (Pre-Tax)
Below is an indicative cash-flow on investment, actual cash-flow may differ.
Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000
Cashflow
₹10,00,00,000
30-Mar-20 : Your investment
₹43,25,000
30-Sep-20 : Interest
₹43,25,000
30-Mar-21 : Interest
₹43,25,000
30-Sep-21 : Interest
₹43,25,000
30-Mar-22 : Interest
₹43,25,000
30-Sep-22 : Interest
₹43,25,000
30-Mar-23 : Interest
₹43,25,000
30-Sep-23 : Interest
₹43,25,000
30-Mar-24 : Interest
₹43,25,000
30-Sep-24 : Interest
₹43,25,000
30-Mar-25 : Interest
₹43,25,000
30-Sep-25 : Interest
₹43,25,000
30-Mar-26 : Interest
₹43,25,000
30-Sep-26 : Interest
₹43,25,000
30-Mar-27 : Interest
₹43,25,000
30-Sep-27 : Interest
₹43,25,000
30-Mar-28 : Interest
₹16,92,00,000
30-Mar-28 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹6,92,00,000)
Summary
Instrument Attributes
Value
Coupon Rate
8.65%
Returns
High
Bond Rating
AA
Seniority in Repayment
Subordinate Tier 1
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Housing Finance Company
HEAD OFFICE
Jaipur
SECTOR
Financial Services
ISSUER OWNERSHIP
Private Sector
Other Bonds of Aavas Financiers Limited
FAQs about INE216P07175 issued by Aavas Financiers Limited
What is the instrument name of INE216P07175 ISIN?
The instrument name of INE216P07175 ISIN is AAVAS FINANCIERS LIMITED 8.645 NCD 30MR28 FVRS10LAC LOAUPTO07DC20.
How frequently is the interest paid on INE216P07175 bond issued by Aavas Financiers Limited?
The interest earned from INE216P07175 bond issued by Aavas Financiers Limited is paid Semi Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE216P07175 bond issued by Aavas Financiers Limited?
This INE216P07175 bond issued by Aavas Financiers Limited has been assigned a credit rating of AA by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE216P07175 bond issued by Aavas Financiers Limited?
This Debenture offers a coupon rate of 8.65%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE216P07175 Debenture?
The INE216P07175 Debenture is issued by Aavas Financiers Limited, a Private Sector company.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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