Instrument Details

ISIN: INE087P07204

Face value

₹10,00,000

Coupon rate

7.40%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

150

Instrument Type

Debenture

Returns

Medium

Date of Issue

24 Mar 2022

Maturity Date

24 Mar 2025

Perpetual

Yes

Listing Status

Listed

Rating status

AA- (CARE Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

AVANSE FINANCIAL SERVICES LIMITED SR 14 7.40 NCD 24MR25 FVRS10LAC
Avanse Financial Services Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE087P07204, with a face value of ₹10,00,000 rs on 24Mar22 to raise 150 crores. The debt instrument is issued with a coupon rate of 7.40% 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 7.40% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES 14. DATE OF MATURITY 24/03/2025.. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 29Mar22. CARE RATINGS LIMITED has given AA- rating to this Debenture on 24Mar22. 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
AA
High Safety
AA-
check
Date Verified
08 Sep 2023
check
Outlook
Stable
logo
Seniority in Repayment
Senior
logo
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
24-Mar-22 : Your investment
₹74,00,000
24-Mar-23 : Interest
₹74,00,000
24-Mar-24 : Interest
₹74,00,000
24-Mar-25 : Interest
₹12,22,00,000
24-Mar-25 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹2,22,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.40%

Returns

Medium

Bond Rating

AA-

Seniority in Repayment

Senior

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 INE087P07204 issued by Avanse Financial Services Limited

The instrument name of INE087P07204 ISIN is AVANSE FINANCIAL SERVICES LIMITED SR 14 7.40 NCD 24MR25 FVRS10LAC.
The interest earned from INE087P07204 bond issued by Avanse Financial Services Limited is paid Annually, ensuring regular and consistent income for investors.
This INE087P07204 bond issued by Avanse Financial Services Limited has been assigned a credit rating of AA- by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 7.4%, which determines the periodic interest payments made to bondholders.
The INE087P07204 Debenture is issued by Avanse Financial Services Limited, a Private Sector company.