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Instrument Details

ISIN: INE216P07209

Face value

₹6,50,000

Coupon rate

RESET RATE - REFER REMARKS

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

70

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

31 Dec 2020

Maturity Date

31 Dec 2025

Perpetual

Yes

Listing Status

Listed

Rating status

AA (ICRA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

AAVAS FINANCIERS LIMITED RR NCD 31DC25 FVRS650000
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 25Jun24. 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)

Instrument Rating
AA
High Safety
AA
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Date Verified
26 Jun 2024
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Outlook
Stable
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Seniority in Repayment
None
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

RESET RATE - REFER REMARKS

Returns

Linked to Markets

Bond Rating

AA

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Housing Finance Company
Head Office
HEAD OFFICE
Jaipur
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE216P07209 issued by Aavas Financiers Limited

The instrument name of INE216P07209 ISIN is AAVAS FINANCIERS LIMITED RR NCD 31DC25 FVRS650000.
The interest earned from INE216P07209 bond issued by Aavas Financiers Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE216P07209 bond issued by Aavas Financiers Limited has been assigned a credit rating of AA by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE216P07209 bond issued by Aavas Financiers Limited is RESET RATE - REFER REMARKS.
The INE216P07209 Debenture is issued by Aavas Financiers Limited, a Private Sector company.
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