Aadhar Housing Finance Limited

About Aadhar Housing Finance Limited bond with ISIN: INE883F07249

In the competitive landscape of fixed income securities, detailed and comprehensive information is vital for both investors and market analysts. This bond, identified by the unique ISIN INE883F07249, represents a significant financial instrument. Issued by AADHAR HOUSING FINANCE LIMITED, it comes with the following description: "7.15% SECURED RATED LISTED SENIOR REDEEMABLE NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 09/12/2026". Although the bond is currently marked as active, its structure and historical context provide valuable insights into the world of debentures and non-convertible securities. The issuer, AADHAR HOUSING FINANCE LIMITED, classified as Non PSU, plays an essential role in the market despite some details such as sector, industry, and issuer nature not being explicitly provided. Key identifiers like the Corporate Identification Number (CIN) U66010KA1990PLC011409 further bolster its credibility. With a coupon rate of 7.15%, this instrument has been meticulously managed with the assistance of 3i Infotech Limited and under the oversight of Beacon Trusteeship Ltd, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000000 with an issue size of 100. It was allotted on 12/9/2021 and is scheduled for redemption on 12/9/2026. Categorized under "Plain Vanilla Debentures" and defined as Secured, the instrument is structured to meet specific investment objectives. Although options such as call or put are not applicable in this instance, the core attributes remain detailed and robust. A critical element in evaluating any fixed income instrument is its credit rating. The bond carries a credit rating of AA as provided by CARE RATINGS LIMITED. In the market, ratings typically range from D to AAA, and a rating of AA is generally considered to be on the riskier end of the spectrum. This insight helps potential investors understand that while the ratings spectrum is broad, a lower rating can indicate higher risk, prompting careful consideration before investing. The security measures add another layer of assurance. The asset cover is described as follows: PARI PASSU FIRST CHARGE BY WAY OF (PRESENT & FUTURE) HYPOTHECATION ON ALL THE STANDARD BOOK DEBTS / OUTSTANDING MONEYS / RECEIVABLES EXCEPT FOR THOSE BOOK DEBTS AND RECEIVABLES CHARGED / TO BE CHARGED IN FAVOUR OF NATIONAL HOUSING BANK FOR REFINANCE AVAILED / TO BE AVAILED FROM THEM, AND CURRENT ASSETS & INVESTMENTS EXCEPT CURRENT ASSETS & INVESTMENTS ELIGIBLE FOR HIGH QUALITY LIQUID ASSETS (HQLA) AS PER RBI GUIDELINES AND THE SECURITY COVER OF MINIMUM 1.10 TIMES – a feature that, while requiring further inquiry for complete details, underscores the issuer’s commitment to providing some level of investor protection. Furthermore, the bond is supported by several documents. The bond is supported by a variety of documents including Shelf Prospectus/Information Memorandum/Offer Documents/Tranches/Series, CARE RATINGS LIMITED_10-09-2024, CARE RATINGS LIMITED_09-07-2024, CARE RATINGS LIMITED_30-01-2024, CARE RATINGS LIMITED_07-12-2023, CARE RATINGS LIMITED_04-07-2023, CARE RATINGS LIMITED_05-07-2022. These documents serve as a reference for additional details and provide transparency to interested parties. Additionally, there are similar bonds in the market such as the bond with ISIN INE883F07371 having a coupon rate of As per attached PAS 4 and the bond with ISIN INE883F07231 having a coupon rate of 6.9% and the bond with ISIN INE883F07074 having a coupon rate of 9.15% and the bond with ISIN INE883F07041 having a coupon rate of 9.35%. Such comparable instruments offer a broader perspective on market positioning and allow investors to perform benchmark analysis. This detailed description is crafted to meet rigorous content standards and to offer exhaustive insights into every facet of the bond’s structure. Investors, analysts, and researchers alike can derive substantial value from this narrative, which underscores both the instrument’s inherent characteristics and its broader market positioning. Such elaborate coverage enhances investor confidence by providing a rich, comprehensive content base. Every element from issuance details to security measures and comparative insights is meticulously presented to facilitate an informed and robust market understanding.