Avendus Finance Private Limited
ACTIVE
ISIN: INE177R07175
Issuer Details
Issuer Name
AVENDUS FINANCE PRIVATE LIMI...
Type of Issuer
Non PSU
Sector
Financial Services
Coupon Rate
9.5%
Industry
Finance
Issuer nature
Other
Corporate Identity Number (CIN)
U65921MH1996PTC251407
Name of the Lead Manager
-
Registrar
-
Name of Debenture Trustee
Catalyst Trusteeship Limited...
Instrument Details
Instrument name as on NSDL
9.5% SECURED RATED UNLISTED ...
Face Value (in ₹)
1000000
Total Issue size( in ₹ Cr.)
75
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
12-10-2023
Redemption Date
10-10-2025
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
110%
Details of Asset Cover
First ranking pari passu charge by way of hypothecation over the book debts/loan receivables
Asset Type
Details of the security
Book Debts / Receivables
First ranking pari passu charge by way of hypothecation over the book debts/loan receivables
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About Avendus Finance Private Limited bond with ISIN: INE177R07175
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 INE177R07175, represents a significant financial instrument. Issued by AVENDUS FINANCE PRIVATE LIMITED, it comes with the following description: "9.5% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES LETTER OF ALLOTMENT SERIES B 2025 DATE OF MATURITY 10/10/2025". 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, AVENDUS FINANCE PRIVATE 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) U65921MH1996PTC251407 further bolster its credibility. With a coupon rate of 9.5, this instrument has been meticulously managed with the assistance of N/A and under the oversight of Catalyst Trusteeship Limited (Formerly GDA Trusteeship Limited), ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000000 with an issue size of 75. It was allotted on 10/12/2023 and is scheduled for redemption on 10/10/2025. 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 A+ as provided by CRISIL RATINGS LIMITED. In the market, ratings typically range from D to AAA, and a rating of A+ 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: First ranking pari passu charge by way of hypothecation over the book debts/loan receivables – 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 CRISIL RATINGS LIMITED_-. 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 INE177R07183 having a coupon rate of 9.5% and the bond with ISIN INE177R07225 having a coupon rate of 9.46% and the bond with ISIN INE177R07217 having a coupon rate of 10.96% and the bond with ISIN INE177R07191 having a coupon rate of 9.21%. 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.