Security Name: 10.60% Aye Finance Private Limited 26 Jan 2025
ISIN:
INE501X07448
Taxable
Tax Category
26 Jan, 2025
Maturity Date
(10 D to mature)
Quarterly
Interest Payment Frequency
No
NRI Eligibility
26 Jul, 2023
Allotment Date
NA
Put Date
26 Jan, 2025
Next Interest Payment Date
2 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
10.6%
Coupon
Fixed Interest
Coupon Basis
NaN%
Current Yield
YOUR EARNING
Your Investment
Final Payout
₹0
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*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
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Security with Collateral?
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ISSUER
Aye Finance Private Limited
Aye Finance Pvt. Ltd. is registered with the Reserve Bank of India as a systemically important non-deposit taking NBFC. It provides loans to micro-enterprises in semi-urban areas with an annual turnover of Rs. 10 lakh-1 crores. The company commenced operations in FY2014 and as on December 31, 2022, the company had operations in 20 states/Union Territories through 397 branches.
The ratio in FY24 is 6.15x and it was 8.18x in FY23, indicating decrease in debt levels, due to return on assets of the company improved to 4.8% annualised in 9MFY24 due to healthy internal accruals from business growth and improved asset quality.
Debt/EBITDA
The ratio in FY24 is 1.70x and it was 1.36x in FY23, indicating improvement in issuers debt service ability, because it has raised equity capital from investors such as British International Investment, Waterfield Advisors, and A91 Partners.
Interest coverage ratio
Recent News
Aye Finance Pvt standalone net profit rises 352.82% in the December 2023 quarter
Mar 26, 2024 | Aye Finance Private Limited
Aye Finance bags Rs 310 Cr in a new round led by British International Investment
Mar 26, 2024 | Aye Finance Private Limited
NBFC Aye Finance raises $30 million in series G round led by ABC Impact
Sep 20, 2024 | Aye Finance Private Limited
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STEPS TO BUY THIS BOND
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To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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BOND VALUE DETAILS
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Total Investment
| Cashflow for INE501X07448 |
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| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
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| Security Name |
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| 10.60% Aye Finance Private Limited 26 Jan 2025 |
| Credit Rating |
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| A / Stable by IND |
| Coupon Frequency |
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| Quarterly |
| Face Value |
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| ₹16,670 |
| Coupon |
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| 10.600000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
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| 26/01/2025 |
| Security |
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| Senior Secured |
| No. of Bonds |
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| 1 |
| Settlement Date |
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| ₹NaN |
| Accrued Interest |
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| Stamp Duty |
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| ₹0 |
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Quote Not Available for purchase
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
