Aavas Financiers Limited announced that its Executive Committee of the Board of Directors has approved the allotment of 10,000 Senior, Secured, Rated, Listed, Transferable, Redeemable NCDs, with a face value of Rs 1,00,000 each, aggregating to Rs 100,00,00,000, on a private placement basis. The NCDs, maturing on September 11, 2031, carry an initial coupon rate of 7.60% per annum payable quarterly and are proposed to be listed on the Wholesale Debt Market of the BSE Limited.