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Instrument Details

ISIN: INE804I073E1

Face value

₹1,00,000

Coupon rate

NIFTY 50 INDEX LINKED

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

25

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

22 Aug 2016

Maturity Date

17 Aug 2026

Perpetual

Yes

Listing Status

Listed

Rating status

PP-MLD A+ (BRICKWORK Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

ECL FINANCE LIMITED SR-G6H601A BR NCD 17AG26 FVRS1LAC
Ecl Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE804I073E1, with a face value of ₹1,00,000 rs on 22Aug16 to raise 25 crores. The debt instrument is issued with a coupon rate of NIFTY 50 INDEX LINKED and its interest is paid on Maturity. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Secured Debenture is NIFTY 50 INDEX LINKED SECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES. SERIES G6H601A. DATE OF MATURITY 17/08/2026. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 30Aug16. BRICKWORK RATINGS INDIA PRIVATE LIMITED has given PP-MLD A+ rating to this Debenture on 08Aug16. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
A
Adequate Safety
PP-MLD A+
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Date Verified
16 Jul 2024
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Outlook
No Outlook
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Seniority in Repayment
Senior
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

NIFTY 50 INDEX LINKED

Returns

Linked to Markets

Bond Rating

PP-MLD A+

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector
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Rating

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Rated ★ 4.3+ on

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FAQs about INE804I073E1 issued by Ecl Finance Limited

The instrument name of INE804I073E1 ISIN is ECL FINANCE LIMITED SR-G6H601A BR NCD 17AG26 FVRS1LAC.
The interest earned from the INE804I073E1 bond issued by Ecl Finance Limited is paid at the time of maturity
This INE804I073E1 bond issued by Ecl Finance Limited has been assigned a credit rating of PP-MLD A+ by BRICKWORK RATINGS INDIA PRIVATE LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE804I073E1 bond issued by Ecl Finance Limited is NIFTY 50 INDEX LINKED.
The INE804I073E1 Debenture is issued by Ecl Finance Limited, a Private Sector company.
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