Bond Directory / AVANSE FINANCIAL SERVICES LIMITED

AVANSE FINANCIAL SERVICES LIMITED

ACTIVE

8.04% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES 15. DATE OF MATURITY 29/09/2023

ISIN

INE087P07212

Copied

Essentials

Coupon Rate (Returns)

8.04%

Rating

A+  CARE RATINGS LIMITED

Interest Payment Frequency

ANNUALLY

Once Every Year

Maturity after

6 months

Sep 29, 2023

Face Value

₹10,00,000

Coupon Type

Simple

Can be returned to Issuer?

No

Put option exercised at

Data Not Available

Issue Details

Issue Size

95 Crores

Issue Price

₹10,00,000

Security class

Debentures

Listing details

BSE

Debenture Trustee

Catalyst Trusteeship Limited (Formerly GDA Trusteeship Limited)

Issue

Private Placement (non-EBP)

Issuer Details

AVANSE FINANCIAL SERVICES LIMITED

Business Sector

165

Issuer Nature type

NBFC

Issuer Ownership

Non PSU

Factors

*Rating Agency -CARE RATINGS LIMITED

Issue Size

Large

Rating Category*

A

Tax Saving

No

Issue Type

Private Placement (non-EBP)

Coupon Type

Simple

Factors

Issue Size

Large

Rating Category*

A

Tax Saving

No

Issue Type

Private Placement (non-EBP)

Coupon Type

Simple

*Rating Agency - CARE RATINGS LIMITED

Note: The listing of products above should not be considered an endorsement or recommendation to invest. Please use your own discretion before you transact. The listed products and their price or yield are subject to availability and market cutoff times.

What is my risk?

Each bond is regularly evaluated by multiple reputed rating agencies

Credit Rating

Credit Rating

A+

(-)

Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.

Credit Outlook

Positive

Credit Outlook is positive and hence credit rating of the bond is not likely to change adversely in near future.

Rating Watch

4

-

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Senior

Security with Collateral?

An investment secured with collateral helps

SECURED

UNSECURED

Type of Guarantee

Guarantee of investment by third-party if company defaults

GUARANTEED

NON GUARANTEED

PARTIAL GUARANTEED

gurantee icon

Want to know more?

Download Issue Documents (Information Memorandum / Termsheet)

What other details I need to know?

Other Important bond related information that can help you with decision making

How do I buy this bond?

You can follow the steps mentioned to complete your Purchase.

How do I buy this bond?

You can follow the steps mentioned to complete your Purchase.

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