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Avanse Financial Services Limited — Bonds & AA- (CRISIL) Rating

NBFC · Financial Services

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
AA- (CRISIL)
Most common current rating on senior bonds
9 of 13 rated · CRISIL, 31 Jul 2025
Total Debt Outstanding
₹2,950 Cr
Across 15 instruments
Active Bonds
15
First Issue
30 Jun 2017
Latest Issue
10 Aug 2026
Maturity Range
2027 - 2028
Observation
15 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
Issuer health card 1 item to look at
  • Current ratings CRISIL AA-, India Ratings AA, CARE AA-
  • Rating range Current ratings range from AA- (CARE 31 Oct 2024, CRISIL 31 Jul 2025) to AA+ (India Ratings 31 Jul 2026)
  • Rating direction, 12 months 0 upgrades, 0 downgrades
  • Watch / negative outlook None in 12 months
  • Issuer not cooperating No such actions in 12 months
  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months
  • Newest agency rating Dated 31 Aug 2026
  • Payment record No payment disclosures since 17 Jul 2026
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 2 of 15 active bonds had an exchange trade
  • Exchange filings, 90 days 0 filings on NSE/BSE

A checklist of published facts, not a rating or a view on credit quality. Ratings are the agencies' own; payment record covers NSE disclosures since 17 Jul 2026; "late" means paid more than 3 days after the due date (next-working-day payments are allowed). Rating range covers every current rating on the issuer's active bonds, with each agency's rating date. Rating actions count only when the agency's heading names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility. Rating age uses the newest rating date on file and is flagged when older than 12 months. See methodology.

Alert me about Avanse Financial Services Limited An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.
01 Issuer Overview
Sector
Financial Services
Issuer Type
NBFC
First Tracked Bond
30 Jun 2017
Start of this issuer's debt program timeline
  • 15 active bonds tracked from this issuer.
  • 13 of 15 tracked bonds with a stated security status are secured. (based on 15 bonds with a disclosed security status)
  • Most recent rating action: update by CRISIL on 10 Jul 2026.

Avanse Financial Services Limited is an NBFC in the Financial Services sector. Coupon rates on outstanding bonds range from 8.80% - 9.60%, paid semi-annually. Bonds mature between 2027 - 2028.

Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.

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02 Debt Profile
Outstanding Bonds
15
Tracked by RetailBonds
Amount Tracked
₹2,950 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt
Avg Coupon
9.29%
Range 8.80% - 9.60%
Avg Remaining Tenure
1.1 Yrs
Nearest maturity Apr 2027
Secured
86%
13 of 15 bonds with known status
Callable
0
Of 15 bonds
Avg Spread vs G-Sec
+272 bps
Credit premium, from 2 bonds with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (11 bonds).

0 2027: 11 bonds, ₹2,550 Cr tracked, avg coupon 9.32% 11 bonds 2027 2028: 4 bonds, ₹400 Cr tracked, avg coupon 9.21% 4 bonds 2028

Security Type / Instrument Mix

  • NCD 15 bonds · 100% · ₹2,950 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2017: ₹50 Cr issued 2017 2023: ₹100 Cr issued 2023 2024: ₹1,900 Cr issued 2024 2025: ₹200 Cr issued 2025 2026: ₹700 Cr issued 2026 Cumulative: ₹50 Cr Cumulative: ₹150 Cr Cumulative: ₹2,050 Cr Cumulative: ₹2,250 Cr Cumulative: ₹2,950 Cr

Based on 15 of 15 active bonds with a known issue date and issue size.

03 Credit Profile
  • AA 15 bonds · 100%
AgencyRatingOutlookBonds
CRISIL AA- Stable 5
CRISIL AA- — 3
India Ratings AA Stable 2
CARE AA Stable 1
CARE AA- Stable 1
India Ratings AA+ Stable 1
Brickwork AA+ NSDL record — 1
CARE AA NSDL record — 1

Recent Rating Actions

10 Jul 2026 · CRISIL
—
Update
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE087P07428 Avanse Financial Services 9.40% Apr 2027 NCD 9.40% AA- (CRISIL) 2027-04-16 — —
INE087P07451 Avanse Financial Services 9.60% Apr 2027 NCD 9.60% AA- (CRISIL) 2027-04-30 9.78% 2026-11-04
INE087P08020 Avanse Financial Services 9.50% Jun 2027 NCD 9.50% AA (CARE, NSDL record 2017) 2027-06-30 — —
INE087P07485 Avanse Financial Services 8.90% Sep 2027 NCD 8.90% AA- (CRISIL) 2027-09-10 — —
INE087P07519 Avanse Financial Services Sep 2027 NCD — AA (India Ratings) 2027-09-10 — —
INE087P07402 Avanse Financial Services 9.40% Sep 2027 NCD 9.40% AA- (CARE) 2027-09-27 — —
INE087P07410 Avanse Financial Services 9.40% Oct 2027 NCD 9.40% AA- (CRISIL) 2027-10-07 — —
INE087P07444 Avanse Financial Services 9.40% Oct 2027 NCD 9.40% AA- (CRISIL) 2027-10-22 — —
INE087P07501 Avanse Financial Services 8.80% Oct 2027 NCD 8.80% AA (India Ratings) 2027-10-28 — —
INE087P07469 Avanse Financial Services 9.40% Oct 2027 NCD 9.40% AA- (CRISIL) 2027-10-29 — 2026-10-06
INE087P08038 Avanse Financial Services 9.35% Dec 2027 NCD 9.35% AA+ (Brickwork, NSDL record 2017) 2027-12-27 — —
INE087P07477 Avanse Financial Services 9.00% Jul 2028 NCD 9.00% AA- (CRISIL) 2028-07-24 9.50% 2026-10-12
INE087P07352 Avanse Financial Services 9.40% Jul 2028 NCD 9.40% AA (CARE) 2028-07-28 — —
INE087P07436 Avanse Financial Services 9.56% Oct 2028 NCD 9.56% AA- (CRISIL) 2028-10-16 — —
INE087P07493 Avanse Financial Services 8.90% Dec 2028 NCD 8.90% AA+ (India Ratings) 2028-12-29 — —
Compare (/) Compare Bonds

YTM is the market yield from the latest BSE/NSE trade. It shows “—” when that trade is over 30 days old, the bond is under 30 days from maturity, it is a market-linked debenture, or the price failed our checks (hover the dash for the reason). A coupon is never shown as a yield.

05 Market Activity

Last 30 days, across all outstanding bonds from this issuer.

BSE Traded Value (Last 30 Days)
—
Number of Trades (Last 30 Days)
3
Avg. Yield (Last 30 Days)
9.58%
06 Regulatory Filings
Credit Rating Rationale
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 15 2026-08-31
Rating Actions History 1 2026-07-10
Secondary-Market Trades 12 2026-11-04
Reg52(4) Payment Disclosures 0 —

Methodology version 1.0. See full methodology for sources and limitations.

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Frequently Asked Questions
How many active bonds does Avanse Financial Services Limited have?

Avanse Financial Services Limited currently has 15 active bonds with coupons of 8.80% - 9.60%, maturities spanning 2027 - 2028.

What is Avanse Financial Services Limited's credit rating?

The most common current rating on Avanse Financial Services Limited's senior bonds is AA- (CRISIL). Ratings on file come from CARE, CRISIL, India Ratings.

Are Avanse Financial Services Limited's bonds secured?

Of the 15 bonds with a disclosed security status, 13 are secured (86%) and 2 are unsecured.

When do Avanse Financial Services Limited's bonds mature?

Avanse Financial Services Limited's active bonds mature between 2027 - 2028; the nearest matures in Apr 2027; the average tenure is 1.1 Yrs.

What is the average coupon on Avanse Financial Services Limited's bonds?

The average coupon across Avanse Financial Services Limited's 15 active bonds is 9.29%.

Disclaimer: This page aggregates publicly available data about Avanse Financial Services Limited for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.