Announced Thu, 30 Jul · 12:03 IST
Aavas Financiers allots 200 crore NCDs at 7.80% coupon, 3-year tenor
AAVAS · price
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Price reaction · full curve 14 horizons · vs prior close
-1.6%1-day move
₹1383.50
prior close
₹1377.80
base price
In-mkt
timing
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Up moveDown movePending
AI summary
Aavas Financiers allotted 20,000 secured NCDs of Rs.1 lakh face value each, totaling Rs.200 crore via private placement. Coupon rate is 7.80% per annum with 3-year tenor maturing July 2029. Non-anchor portion of 14,000 NCDs carries Rs.160 premium per NCD. Total amount received is Rs.200.22 crore including premium. NCDs will list on BSE wholesale debt market and are secured by loan receivables.
Likely market impact
Raises Rs.200 crore at 7.80% for 3 years secured by loan receivables. No equity dilution as these are debentures.