Aavas Financiers Limited - AA Rated (INE216P07225)

Aavas Financiers Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE216P07225, with a face value of ₹9,00,000 rs on 25Mar22 to raise 90 crores. The debt instrument is issued with a coupon rate of REPORATE LINKED 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 REPORATE LINKED SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.LETTER OF ALLOTMENT. DATE OF MATURITY 25/03/2027. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 28Mar22. CARE RATINGS LIMITED has given AA rating to this Debenture on 25Mar22. 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.