Rating reflects its creditworthiness and past performance. It may change based on the company’s financial health and ability to repay.
Categories
Lowest risk
AAA
Low risk
AA+, AA, AA-
Moderate risk
A+, A, A-
High risk
BBB+, BBB, BBB-
Highest risk
BB+, BB, BB-, B, B-, C, D
YTM
10.50%
Price/unit₹33,436.61
Tenure7 months
Interest payoutMonthly
Principal payoutHALF YEARLY
Yield to Maturity (YTM)YTM defines the annual return a bond offers if held to maturity. It assumes all payouts received get reinvested at the same rate until maturity.
YTM is XIRR of bonds.
Principal is returned in half yearly instalments
The Principal is returned in half yearly instalments for this Bond, so you receive a portion of your invested amount back regularly.
As principal is returned, interest is earned on the outstanding principal.
Calculate your returns
You invest₹00 qty
You get₹0
Interest +₹0
+ ₹25K
+ ₹50K
+ ₹1L
+ ₹2L
Payout Schedule
Maturing on 31 Mar '27 • Monthly payout
Security of your investment
₹2.00Cr
₹2.20Cr
Amount raised by BondSecurity cover
Security cover type
Senior securedSafest
Backed by company assets. If the issuer defaults, you are repaid from these assets before other lenders.
Secured
Backed by company assets, but lenders with a higher claim on the same assets (senior secured) may be repaid before you.
Unsecured
No assets pledged. You still have a legal claim on the issuer, but you are repaid after secured lenders.
Note
In worse case of issuer defaults, collateral assets are sold to repay lenders in order of their claim. This can take time, and assets may sell for less than their stated value, so you may recover only part of your money. Asset cover is not a guarantee of repayment.
About
Aye Finance (Aye) is a non-banking finance company (NBFC) that commenced operations in 2014 with the goal of serving the underpenetrated micro and small business segment. The company employs a cluster-based credit underwriting approach to lend to micro-enterprises in manufacturing, trading, dairy, and services. As of FYE24, Aye operated a network of 478 branches across 21 states, managing an Assets Under Management (AUM) of INR 44.7 billion. The company is backed by prominent private equity investors, including Elevation Capital, Lightrock Capital, and British International Investment.;
Pros and Cons
Pros
Cons
Improved capitalization following a capital raise of INR 3.1 billion in FY24, which provides headroom for further franchise scaling.
Strong backing from marquee shareholders and a founding team with over two decades of experience in retail lending.
Increasing funding diversification with a significant rise in the share of bank term loan funding to 19.9% of the total mix.
Improved profitability buffers, with the return on assets (RoA) rising to 4.1% in FY24 due to business growth and better collection efficiency.
Established IT systems and a paperless, digitized approach for monitoring cash flows and onboarding micro-enterprises.
Other details
Clean price₹33,344.37
Dirty price₹33,436.60
Current yield10.10%
Security cover1.10X of POS
Issue size2.00Cr
Original bond tenure27 months
TrusteeCatalyst Trusteeship Limited
Mode of issueNCD
Listed onNSE
Listing date31 Dec 2024
Coupon rate10.10%
Other details
Clean priceThe bond's original price without earned interest on it.
Dirty priceThe total price you pay - bond price plus accrued interest.
Security coverThe value of assets pledged by the issuer as backup, shown as a multiple of the outstanding loan amount.
Issue sizeThe total amount of money the company is raising through this bond issue.
Original bond tenureThe total duration of the bond from issue date to maturity date.
TrusteeAn independent entity appointed to protect bondholders' interests and monitor the issuer.
Mode of issueHow the bond is offered to investors (e.g., public issue open to all investors).
Listed onStock exchanges where the bond can be bought and sold after issuance.
Listing dateThe date from which the bond became available for trading on the stock exchange.
Maturity dateThe date when the company repays the bond's principal amount.
Coupon rateThe fixed annual interest rate paid to investors on the bond's face value.
Current yieldThe annual interest you earn divided by the bond's current market price.
