8.75%. If the credit rating of the debentures is downgraded by any rating agency from the current AA-, the coupon rate will be decreased by 0.25% for each notch of downgrade in the rating. If the credit rating of the debentures is upgraded by any rating agency, the coupon rate will be increased by 0.25% for each notch of downgrade in the rating. Coupon can be reset by the agreement of the issuer and debenture holders.

Aptus Value Housing Finance India Limited

Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.