Security Name: 9.35% Avanse Financial Services Limited 27 Dec 2027
ISIN:
INE087P08038
Taxable
Tax Category
27 Dec, 2027
Maturity Date
(2 Yr 10 Mo 1 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
27 Dec, 2017
Allotment Date
NA
Put Date
31 Jan, 2026
Next Interest Payment Date
15 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
₹NaN
Dirty Price
9.35%
Coupon
Fixed Interest
Coupon Basis
9.4481%
Current Yield
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
Avanse Financial Services Limited
AFSL was formed in August 1992 and was known as Abhivruddhi Holdings Pvt. Ltd. On February 7, 2014, the name of the company was changed from Avanse Financial Services Private Limited to “Avanse Financial Services Limited”. AFSL is engaged in the business of providing education loan for the purpose of higher studies both in India and abroad and for professional/ executive courses to working professional and to Education Institutions and schools for their Working Capital and Growth Capital requirements
The ratio in FY24 is 7.44x and it was 9.33x in FY23. indicates the decrease in the debt level due to significant increase in the profitability of the issuer.
Debt/EBITDA
The ratio in FY24 is 1.52x and it was 1.39x in FY23. This indicates the company’s increased debt service ability of the issuer due to increase in the profitability.
Interest coverage ratio
Recent News
Avanse Financial Services Secures Rs 1,000 Crore Funding Led by Mubadala Investment
Mar 27, 2024 | Avanse Financial Services Limited
SEBI returns Vishal Mega Mart, Avanse Financial Prospectus on technical grounds
Aug 14, 2024 | Avanse Financial Services Limited
Avanse Financial aims to support K-12 students with tailored financing solutions
Jan 10, 2025 | Avanse Financial Services Limited
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STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
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.
Clean Price
Yield (YTM)
Principal Amount
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BOND VALUE DETAILS
Face Value
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Stamp Duty
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Total Investment
| Cashflow for INE087P08038 |
|---|
| 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). |
|---|
| Security Name |
|---|
| 9.35% Avanse Financial Services Limited 27 Dec 2027 |
| Credit Rating |
|---|
| AA- Stable by CARE |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹10,00,000 |
| Coupon |
|---|
| 9.350000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 27/12/2027 |
| Security |
|---|
| Unsecured Subordinated Tier 2 |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Feb 25,2025 |
| Principal Amount |
|---|
| ₹9,89,615 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹1 |
| Total Amount Payable |
|---|
| ₹9,89,616 |
| Price |
|---|
| ₹98.9615 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
|---|
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.
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