Fusion Finance Limited

Fusion Finance Limited is an Indian company in the BFSI industry (formerly Fusion Micro Finance Limited and Fusion Microfinance Private Limited and Ambience Fincap Private Limited) with 4 outstanding bonds (ISINs) recorded on this page. It is also the originator behind one outstanding pass-through certificate (PTC) of Indigo 044. Stated coupons on its fixed-rate bonds range from 10.95% to 13% a year. Maturity dates run from 9 Mar 2027 to 16 Dec 2028. NSDL records 3 of the 4 whose terms it holds as secured. Latest credit rating on record: ICRA A- (Stable) (action dated 27 Nov 2025). Verify current terms against the official documents linked on this page.

Data as of 15 Nov 2026 (snapshot 20261115-2253) · How this page is compiled

Issuer overview

Outstanding pass-through certificates (ISINs)
1
Pass-through scheme
Indigo 044
Legal name
Fusion Finance Limited
Formerly
Fusion Micro Finance Limited; Fusion Microfinance Private Limited; Ambience Fincap Private Limited
CIN
L65100DL1994PLC061287
LEI
335800ZD1C7DSU6FPE65
Industry
BFSI
Business
Non-Banking Financial Company (NBFC)
Ownership
Non PSU
ISIN issuer codes
INE139R, INE2DDW
Outstanding bonds (ISINs)
4 (plus 21 matured)
Stated coupons (fixed rate)
10.95% – 13%
Maturity dates
9 Mar 2027 – 16 Dec 2028
Secured (NSDL)
3 of 4
Combined issue size of outstanding bonds
₹405 crore
Traded on
BSE

Issue size is the amount each bond raised when it was issued, as recorded by NSDL. It is not the amount still outstanding today (bonds can be partly redeemed or bought back) and not the company's total debt.

Fusion Finance bonds: ISIN, coupon and maturity

4 outstanding bonds, by maturity date.

ISIN Type Coupon Interest paid Allotted Maturity Face value Issue size (₹ cr) Security Guarantee Traded on Rating (NSDL)
INE139R07381 NCD 11.15% Half-yearly 10 Mar 2021 9 Mar 2027 ₹10,00,000 70.00 Secured None recorded — ICRA A+ 16 May 2024
INE139R08108 Subordinated NCD (Tier II) 13% Monthly 31 Mar 2022 30 Jun 2027 ₹10,00,000 25.00 Unsecured None recorded BSE ICRA A- 27 Nov 2025
INE139R07456 NCD 10.95% Yearly 29 Dec 2025 29 Jun 2028 ₹1,00,000 150 Secured None recorded — ICRA A- 27 Nov 2025
INE139R07449 NCD 10.95% — 16 Dec 2025 16 Dec 2028 ₹1,00,000 160 Secured None recorded — ICRA A- 27 Nov 2025
Notes on this table
  • Outstanding means the maturity date has not passed, according to the depository record. It does not confirm that a bond has not been redeemed early, called or bought back.
  • Type, coupon, interest frequency, allotment date, issue size, security and guarantee are as recorded by NSDL India Bond Info, the depository's record of each ISIN. Search an ISIN on NSDL India Bond Info to see its full record.
  • "Secured" and "Guarantee" are NSDL's classification. What the security is, the asset cover and the terms of any guarantee or co-obligor are in the offer document and the debenture trust deed; this page does not infer them.
  • Prices and yields are not shown. They change with every trade: see BSE and NSE.
  • Terms used in this table: ISIN · Coupon rate · Yield to maturity (YTM) · Secured NCD · Unsecured NCD · Credit rating.

Fusion Finance pass-through certificates (PTCs): schemes, ISINs and maturity

1 outstanding PTC in 1 scheme · by scheme, then maturity

Scheme ISIN Series Coupon Maturity Interest Trustee Traded on Rating (NSDL)
Indigo 044 INE2DDW15018 Series A 12.5% 20 Jun 2032 As per payout schedule Catalyst Trusteeship Limited Not traded —
Notes on this table

Each scheme is a securitisation trust with its own ISIN issuer code. PTCs usually repay part of the principal every month as the pool pays down, so the amount outstanding is lower than the amount issued. Coupons are as recorded by CDSL, NSDL or the exchanges; for an equity or junior tranche there may be no fixed coupon. Ratings of PTCs carry the suffix "(SO)". Series, trustee and originator are from CDSL's list of securitised debt instruments where it has the ISIN; schemes held at NSDL are listed when they trade or are placed on BSE.

Fusion Finance credit rating

Latest rating by agency on the outstanding bonds (NSDL India Bond Info)
Agency Rating Outlook Latest action Action date Bonds Status
ICRA A- Stable Reaffirm 27 Nov 2025 4 Verified by NSDL · Checked 5 Nov 2026
Rating history
Date Agency Rating Outlook Action
27 Nov 2025 ICRA A- Stable Reaffirm
21 Feb 2025 ICRA A- Negative Downgrade
26 Nov 2024 ICRA A Negative Downgrade
16 May 2024 ICRA A+ Stable Withdrawn
12 Jan 2024 ICRA A+ Stable Upgrade
19 Jul 2023 ICRA A Positive Reaffirm
27 Jan 2023 ICRA A Stable Reaffirm
9 Dec 2022 ICRA A Stable Upgrade
21 Sep 2021 ICRA A- Stable —
25 Feb 2021 ICRA A- Stable —

Rating actions on the issuer's bonds as recorded by NSDL, newest first. Earlier lines are history, not the current rating.

A credit rating is the agency's opinion and can change at any time. Check the agency's website for the latest action: ICRA

Private placements and disclosure documents

Allotted ISIN Redemption Disclosure documents
29 Dec 2025 INE139R07456 29 Jun 2028 Placement memorandum on BSE
16 Dec 2025 INE139R07449 16 Dec 2028 Placement memorandum on BSE
21 Dec 2021 INE139R08082 21 Dec 2023 Placement memorandum on BSE
18 Mar 2021 INE139R07407 18 Mar 2026 Placement memorandum on BSE
10 Mar 2021 INE139R07381 9 Mar 2027 Placement memorandum on BSE
23 Dec 2020 INE139R07373 23 Dec 2023 Placement memorandum on BSE
19 Nov 2020 INE139R07357 19 May 2022 Placement memorandum on BSE
13 Nov 2020 INE139R07332 13 May 2022 Placement memorandum on BSE
13 Nov 2020 INE139R07324 13 May 2022 Placement memorandum on BSE
13 Nov 2020 INE139R07340 13 May 2022 Placement memorandum on BSE
13 Nov 2020 INE139R07365 13 May 2022 Placement memorandum on BSE
12 Aug 2020 INE139R07308 12 Feb 2022 Placement memorandum on BSE
5 Aug 2020 INE139R08066 6 Aug 2021 Placement memorandum on BSE
31 Jul 2020 INE139R07282 21 Apr 2023 Placement memorandum on BSE
29 Jul 2020 INE139R07290 29 Jul 2023 Placement memorandum on BSE
30 Jun 2020 INE139R07274 30 Jun 2023 Placement memorandum on BSE
19 Jun 2020 INE139R07266 19 Jun 2023 Placement memorandum on BSE
10 Jun 2020 INE139R07258 12 Jun 2023 Placement memorandum on BSE
10 Sep 2019 INE139R08041 9 Sep 2025 Placement memorandum on BSE
7 Aug 2018 INE139R07209 7 Aug 2021 Placement memorandum on BSE
31 Mar 2018 INE139R08033 29 Sep 2023 Placement memorandum on BSE
6 Mar 2018 INE139R08025 2 Sep 2021 Placement memorandum on BSE
4 Sep 2017 INE139R07175 30 Aug 2020 Placement memorandum on BSE
7 Jul 2017 INE139R07167 7 Jul 2020 Placement memorandum on BSE

From BSE's list of privately placed debt. The documents are the issuer's own; the offer document and debenture trust deed are the authoritative source for each bond's terms.

Fusion Finance bonds: questions and answers

What bonds has Fusion Finance Limited issued?

Fusion Finance Limited has 4 outstanding bonds recorded on this page. By type, as described by NSDL: 3 NCDs, 1 subordinated NCD (tier ii). 21 further ISINs on record have passed their maturity dates and are not counted as outstanding.

What are the ISINs of Fusion Finance Limited bonds?

Its 4 outstanding bonds each have their own ISIN, for example INE139R07381, INE139R08108, INE139R07456. All are listed in the bond table on this page. ISINs of this issuer begin with its issuer code, INE139R / INE2DDW.

What coupon rates do Fusion Finance Limited bonds pay?

Stated coupons on its fixed-rate outstanding bonds range from 10.95% to 13% a year on face value. The bond table gives the coupon and interest frequency of each ISIN. The coupon is not the yield: the yield an investor earns depends on the price paid.

When do Fusion Finance Limited bonds mature?

Its outstanding bonds have maturity dates from 9 Mar 2027 to 16 Dec 2028. The bond table lists the maturity date of each ISIN.

What is the latest ICRA credit rating of Fusion Finance Limited bonds?

NSDL India Bond Info records ICRA A- (Stable) (action dated 27 Nov 2025) on its outstanding bonds. Checked on NSDL on 5 Nov 2026. A rating is the agency's opinion and can change at any time.

Are Fusion Finance Limited bonds secured, unsecured or guaranteed?

NSDL records 3 of the 4 outstanding bonds whose terms it holds as secured and 1 as unsecured. None is recorded as guaranteed. What the security is, the asset cover and the terms of any guarantee or co-obligor are set out in the offer document and the debenture trust deed; this page does not infer them.

Is Fusion Finance Limited the same company as Fusion Micro Finance Limited?

Yes. Fusion Finance Limited was formerly known as Fusion Micro Finance Limited and Fusion Microfinance Private Limited and Ambience Fincap Private Limited; bonds issued under the earlier name are obligations of the same company. Its Corporate Identification Number (CIN) is L65100DL1994PLC061287.

Where can investors find the original disclosure documents for Fusion Finance Limited bonds?

Each ISIN's record, including its terms and rating history, is on NSDL India Bond Info (search the ISIN). The offer document (shelf prospectus, tranche prospectus or general information document and key information document) and the debenture trust deed set out the full terms; listed issuers publish them on BSE or NSE. For the private placements listed on this page, each row links to the disclosure documents on BSE.

How can investors check the current market price or yield of Fusion Finance Limited bonds?

This page does not show prices or yields. Trades in these bonds are reported on BSE, which publish the price and yield of each trade, usually by the end of the trading day. Many corporate bonds trade rarely, so a recent price may not exist; an old trade is not a current price.

Which pass-through schemes are listed under Fusion Finance Limited?

Fusion Finance Limited has one scheme with outstanding pass-through certificates on this page: Indigo 044, with 1 outstanding PTC ISIN in all.

What is a pass-through certificate (PTC)?

A pass-through certificate is a debt security issued by a securitisation trust. A lender sells a pool of loans or receivables to the trust, and the trust passes the repayments it collects to the certificate holders. Payments depend on how the pool performs and on any credit enhancement, not on the general funds of the lender. Ratings of PTCs carry the suffix "(SO)", structured obligation.

Sources and dates

Data as of 15 Nov 2026 (snapshot 20261115-2253). Facts on this page last changed on 4 Nov 2026. Rating dates above are the agencies' action dates, which can be much older than the data date. This page is for information only. It is not investment advice, a credit rating or a recommendation to buy, sell or hold any security. Facts are taken from the issuer's own documents and the sources linked on this page; check them with the source before investing.

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Bond Interpretation is an information resource on Indian corporate bond issuers, published by Newsinterpretation. It covers the companies behind corporate bonds and non-convertible debentures (NCDs): their outstanding bonds with ISIN-level terms, credit ratings as recorded by the depository, private placements and public NCD issues. It brings together depository (NSDL India Bond Info), exchange (BSE and NSE) and company records, and shows the source and date of each fact. The pages are compiled automatically from those records. Bond Interpretation publishes no credit ratings, opinions or recommendations to buy, sell or hold of its own.

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