Instrument Details

ISIN: INE087P07170

Face value

₹10,00,000

Coupon rate

8.40%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

100

Instrument Type

Debenture

Returns

High

Date of Issue

30 Jul 2021

Maturity Date

30 Jul 2023

Perpetual

Yes

Listing Status

Listed

Rating status

WITHDRAWN (CARE Ratings)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

AVANSE FINANCIAL SERVICES LIMITED SR 11 8.40 NCD 30JL23 FVRS10LAC
Avanse Financial Services Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE087P07170, with a face value of ₹10,00,000 rs on 30Jul21 to raise 100 crores. The debt instrument is issued with a coupon rate of 8.40% and its interest is paid 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 8.40% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES 11. DATE OF MATURITY 30/07/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 02Aug21. CARE RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 30Jul21. This issuer is formerly known as AVANSE FINANCIAL SERVICES PRIVATE LIMITED, ABHIVRUDDHI HOLDINGS 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
N/A
Not Rated
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Date Verified
N/A
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Outlook
N/A
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Seniority in Repayment
None
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Security
Secured
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-Jul-21 : Your investment
₹84,00,000
30-Jul-22 : Interest
₹84,00,000
30-Jul-23 : Interest
₹11,68,00,000
30-Jul-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹1,68,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.40%

Returns

High

Bond Rating

WITHDRAWN

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE087P07170 issued by Avanse Financial Services Limited

The instrument name of INE087P07170 ISIN is AVANSE FINANCIAL SERVICES LIMITED SR 11 8.40 NCD 30JL23 FVRS10LAC.
The interest earned from INE087P07170 bond issued by Avanse Financial Services Limited is paid Annually, ensuring regular and consistent income for investors.
This INE087P07170 bond issued by Avanse Financial Services Limited has been assigned a credit rating of WITHDRAWN by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 8.4%, which determines the periodic interest payments made to bondholders.
The INE087P07170 Debenture is issued by Avanse Financial Services Limited, a Private Sector company.