Aavas Financiers Limited Approves the Allotment of 345 Unlisted, Secured, Rated, Redeemable, Non-Convertible Debentures, Aggregating Up to INR 3,450,000,000 to International Finance Corporation
September 16, 2019 at 04:42 am EDT
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Aavas Financiers Limited announced that the Executive Committee of the Board of Directors vide circular resolution passed on September 16, 2019 has approved the allotment of 345 unlisted, secured, rated, redeemable, non-convertible debentures of face value of INR 10,000,000 each aggregating up to INR 3,450,000,000 to International Finance Corporation. Coupon payment is 8.39% p.a. payable half yearly. Coupon shall be paid on March 15 and the September 15 in each year till maturity. The tenure for the issue is 5 years. Redemption/maturity date September 15, 2024.
Aavas Financiers Limited is an India-based housing finance company. The Company is engaged in providing the home loans to the customers belonging to low- and middle-income segment in semi urban and rural areas. The Companyâs offerings include home loan, plot and home construction loan, home improvement loan, home loan balance transfer, loan against property, micro, small and medium enterprise (MSME) loan, emergency credit line guarantee scheme, and small ticket size (STS) loan. It offers customers home loans for the purchase or construction of residential properties, and for the extension and repair of existing housing units. It also offers other mortgage loans, including loans against property. The Company operates in markets, such as Rajasthan, Maharashtra, Gujarat, Madhya Pradesh, Haryana, Uttar Pradesh, Chhattisgarh, Uttarakhand, Punjab, Himachal Pradesh, Delhi, Odisha and Karnataka.
Aavas Financiers Limited Approves the Allotment of 345 Unlisted, Secured, Rated, Redeemable, Non-Convertible Debentures, Aggregating Up to INR 3,450,000,000 to International Finance Corporation
AAVAS FINANCIERS LIMITED 
