AVANSE FINANCIAL SERVICES LTD Coupon 10.1% | NBFC Retail Bond

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Returns (YTM)

N/A

Min. Investment

N/A

Remaining Tenure

1Y 4M 6Days

Payment Terms

Yearly

Highlights

Credit Rating

CARE AA-/STABLE

Seniority

SENIOR

Security

Secured

Default History

Zero

About Issuer

AVANSE FINANCIAL SERVICES LTD

Avanse is an NBFC in education financing to provide seamless and affordable education financing for every deserving Indian student. Avanse Financial Sevices was founded in 2013, and it is headquartered in Mumbai. Warburg Pincus LLC is a private equity firm headquartered in Newyork with a total asset of 62 billion. Warburg owns 80% of Avanse's stake, and 20% is held by International Finance Corporation (IFC). Amit Gainda, the present CEO, is leading the Avanse team; he carries an experience of more than two decades. Avanse's annual report says that its total income crossed 4000 lakhs in the fiscal year 2018-19.

Avanse has won many awards, and in 2019 it is recognized as one of the "10 Most Admired NBFCs 2018" by Insight Success Magazine. Certainly, Avanse is a customer-centric and value-based organization.

Total Annual Revenue

Year of Inception

2013

Industry

NBFC Retail

Head Office

Mumbai

Type of Issuer

Corporate

Current MD/CEO

Amit Gainda

Credit Rating / Outlook

AA- STABLE

CARE

A+

BWR

Credit rating by different rating agencies indicates the bond issuer’s ability to repay its debt obligations. A bond can be rated by one or more SEBI registered credit rating agencies e.g. CRISIL, CARE, ICRA, IND, BWR, ACUITE, INFOMERICS.
Bonds/NCDs with AA credit rating are considered to have a high degree of safety regarding timely servicing of debt obligations. Such Bonds/NCDs carry very low credit risk.
Stable Outlook suggests that the rating is unlikely to change significantly in the near to medium term, indicating a stable credit profile of the issuer.

Other Important Details & Disclosures

Issuer Name

AVANSE FINANCIAL SERVICES LTD

Security Name

ISIN

Copy

INE087P07022

Face Value

₹ 10,00,000

Coupon Rate

10.1%

Coupon Type

FIXED

Payment Terms

Yearly

Maturity Date

31-Jul-2025

Clean Price

₹ 100.81

Dirty Price

Current Yield

Yield to Maturity

9.3415%

Mode of Issue

Private Placement

Date of Issue

31-Jul-2015

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

Catalyst Trusteeship Limited (Formerly GDA Trustee

GDA House, Plot No. 85, Bhusari Colony (Right), Paud Road, Kothrud, Pune- 411 038 Mumbai branch Address: Office No. 83-87, 8th, floor, Mittal Tower, B Wing, Nariman Point, Mumbai - 400021

Registrar Details

Link Intime India Private Limited,Mumbai

C-13, Pannalal Silk Mills Compound LBS Marg Bhandup (W)Mumbai 400 078

Looking For More Information ?

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Taxation

10%

TDS on Interest Income*

*Given TDS is indicative and fully claimable while filing ITR. The interest income from this bond will be taxable and will appear in the additional source of income in your ITR. Please consult your tax advisor for precise taxation details
As a listed bond, it is subject to capital gains tax based on the holding period. A holding period of less than 1 year qualifies as short-term, while more than 1 year qualifies as long-term.
You can submit your Form 15G/15H to the registrar and debenture trustee of the bond to avoid the TDS deduction. Download Form

Registrar details: Link Intime India Private Limited,Mumbai C-13, Pannalal Silk Mills Compound LBS Marg Bhandup (W)Mumbai 400 078

This bond is
currently out of stock

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FAQs about AVANSE FINANCIAL SERVICES LTD bonds

How to buy this AVANSE FINANCIAL SERVICES LTD bond online?

You can invest in bonds online in under 5 minutes. To buy AVANSE FINANCIAL SERVICES LTD bond online follow the steps below:

Login/signup at GoldenPi
Upload your documents online to complete the KYC
Pay online via payment gateway and receive bond units in your demat account

What is the yield of this AVANSE FINANCIAL SERVICES LTD bond?

9.3415% is the current yield of this AVANSE FINANCIAL SERVICES LTD bond. A bond’s current yield indicates the annual return based on its current market price and annual coupon payment.
In addition to current yield, the yield to maturity (YTM) of this AVANSE FINANCIAL SERVICES LTD bond is 9.3415%, which indicates the total expected return if the bond is held till the maturity date. It is calculated using the XIRR method considering current price, face value, coupon payments, and time to maturity.

Is it safe to invest in bonds?

Investing in bonds is relatively a safer option but it depends on factors like:

The creditworthiness of the issuer indicated by the credit rating
The debt quality of the bond indicated by its seniority and security
Your investment goals and risk appetite

If you are an existing bond investor and want to sell your bond holdings before maturity, you can do so through the secondary market. This can be done either through exchanges such as BSE or NSE, or you can also request a quote from your relationship manager at GoldenPi.

How to redeem this AVANSE FINANCIAL SERVICES LTD bond?

To redeem this AVANSE FINANCIAL SERVICES LTD bond, bond, kindly first check its redemption value and redemption schedule. This can be found by downloading the cash flow from the “Calculate Your Returns” section of this page or by contacting the support team at GoldenPi.
Once you buy this bond, the units would be reflected in your demat account.
Upon maturity, the bond units held in your demat account will be automatically debited on the maturity date, and if the maturity date falls on a bank holiday, the redemption amount will be paid out on the next working day.
The funds will be credited to the bank account linked to your demat account. The process of redeeming this AVANSE FINANCIAL SERVICES LTD bond is generally simple and straightforward. Contact our support team for more information.

Is this AVANSE FINANCIAL SERVICES LTD bond tax-free?

No, this AVANSE FINANCIAL SERVICES LTD bond is not tax free. The interest income received from these bonds will be treated as “income from other sources” in the ITR and the tax will be calculated as per your income tax slab.

To know more about taxation in detail please read this article: https://goldenpi.com/blogessentials/bond-market/taxation-on-gains-from-bond-investments/

Can I sell this AVANSE FINANCIAL SERVICES LTD bond before the maturity date?

Yes, it is possible to sell this AVANSE FINANCIAL SERVICES LTD bond before maturity. However, as the sale process happens in the secondary market, the price can be determined by a variety of factors, including interest rates, credit ratings, company performance, and market demand.

To know more about the sale process, contact us at https://goldenpi.com/contact-us

Need Help?

Talk to our Support Team for free. We will help you through your investment journey.

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Investments in debt securities/municipal debt securities/securitized debt instruments are subject to risks including delay and/or default in payment. Read all the offer-related documents carefully.
Investors can update their email id and mobile number with their stock broker / depository participant and receive OTP directly from the depository on email id and/or mobile number to create a pledge. Investors can check their securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month.

The FAQs on the platform are exclusively for educational information/knowledge and do not influence the investment/sale decisions of any investors.As you are aware, under the rapidly evolving dynamics of financial markets, it is crucial for investors to remain updated and well-informed about various aspects of investing in securities market. In this connection, please find a link to the BSE Investor Protection Fund website where you will find some useful educative material in the form of text and videos, so as to become an informed investor. https://www.bseipf.com/investors_education.html
We believe that an educated investor is a protected investor !!!

The information shown on the website should not be construed as financial advice or as an offer or recommendation to buy or sell any security or any products/services of GSPL or any product/services of its third-party client(s). The user should act and rely on the information/data shown on the website only after understanding all associated risk parameters. Any action/decision taken by the user on the basis of the information shown on this website shall be the sole responsibility of the user. Neither GSPL nor its directors, employees, associates, representatives, or agents shall be liable for any damages whether direct, indirect, special, or consequential including lost revenue or lost profits that may arise to the user from or in connection with the use of the information/data shown on this website.

We understand that certain investment advisors may be approaching members of the public including our clients, representing that they are our partners, or representing that their investment advice is based on our research. Please note that we have not engaged any third parties to render any investment advisory services on our behalf nor are we providing any stock recommendations/tips/research report/advisory. Persons making investments on the basis of such advice may lose all or a part of their investments along with the fee paid to such unscrupulous persons. Please be cautious about any phone call that you may receive from persons representing to be such investment advisors, or a part of research firm offering advice on securities. Do not make payments through e-mail links, WhatsApp or SMS. Please do not share your personal or financial information with any person without proper verification. Always trade through a registered broker.

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Highlights

About Issuer

AVANSE FINANCIAL SERVICES LTD

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

How to buy this AVANSE FINANCIAL SERVICES LTD bond online?

What is the yield of this AVANSE FINANCIAL SERVICES LTD bond?

Is it safe to invest in bonds?

How to redeem this AVANSE FINANCIAL SERVICES LTD bond?

Is this AVANSE FINANCIAL SERVICES LTD bond tax-free?

Can I sell this AVANSE FINANCIAL SERVICES LTD bond before the maturity date?

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