Aavas Financiers raises Rs 200 crore in debentures at 7.80%
What's the deal? Aavas FinanciersDealroom has a profile for this one. Try Dealroom → has allotted 20,000 senior secured non-convertible debentures (NCDs) through a private placement, raising Rs 200 crore (about $20.9 million). The issue was approved by the executive committee of the board on July 30, 2026.
The terms: The NCDs carry a face value of Rs 1,00,000 each and a coupon rate of 7.80% per annum, payable annually. They have a three-year tenor, maturing on July 30, 2029.
How it's structured: The allotment split into a Rs 60 crore anchor portion of 6,000 NCDs and a Rs 140 crore non-anchor portion of 14,000 NCDs. The instrument is secured by a first-ranking exclusive charge over identified receivables, loans, book debts, and unencumbered fixed deposits.
What's next? The debentures are proposed for listing on the Wholesale Debt Market of BSEDealroom has a profile for this one. Try Dealroom →. Principal repayment is scheduled 36 months from the date of allotment.
The signal: Secured NCD placements remain a steady funding channel for India's housing finance companies, letting them lock in medium-term capital at fixed rates without diluting equity.
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