Aavas Financiers Limited - AA Rated (INE216P07209)

Aavas Financiers Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE216P07209, with a face value of ₹6,50,000 rs on 31Dec20 to raise 70 crores. The debt instrument is issued with a coupon rate of RESET RATE - REFER REMARKS and its interest is paid Quarterly. 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 RESET RATE (REPO RATE + SPREAD) SECURED SENIOR LISTED RATED ,REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 31/12/2025.. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 04Jan21. ICRA LIMITED has given AA rating to this Debenture on 08Jan24. 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.