Avendus Finance Private Limited - A Rated (INE177R07084)

Avendus Finance Private Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE177R07084, with a face value of ₹10,00,000 rs on 07Aug20 to raise 97 crores. The debt instrument is issued with a coupon rate of NIFTY 50 LINKED and its interest is paid on Maturity. 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 NIFTY 50 INDEX LINKED SECURED RATED LISTED PRINCIPAL PROTECTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES E. LETTER OF ALLOTMENT. DATE OF MATURITY 07/08/2023.. This instrument is issued in Private Placement mode. It has Compounding coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 20Aug20. CRISIL RATINGS LIMITED has given PP-MLD A+ rating to this Debenture on 06Aug20. This issuer is formerly known as PACIFIC HIRE PURCHASE PRIVATE LIMITED, PACIFIC HIRE PURCHASE LIMITED, PACIFIC HIRE PURCHASE PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.