Instrument Details

ISIN: INE804IA7196

Face value

₹1,000

Coupon rate

10.20%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

38.9482

Instrument Type

Debenture

Returns

High

Date of Issue

28 Nov 2019

Maturity Date

28 Feb 2023

Perpetual

Yes

Listing Status

Listed

Rating status

AA- (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

ECL FINANCE LIMITED SR III 10.20 NCD 28FB23 FVRS1000
Ecl Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE804IA7196, with a face value of ₹1,000 rs on 28Nov19 to raise 38.9482 crores. The debt instrument is issued with a coupon rate of 10.20% and its interest is paid Annually. 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 10.20% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES III. DATE OF MATURITY 28/02/2023. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 02Dec19. CRISIL RATINGS LIMITED has given AA- rating to this Debenture on 07Oct19. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AA
High Safety
AA-
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Date Verified
08 Feb 2022
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Outlook
Negative
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Seniority in Repayment
None
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Security
Secured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹1,000
Lot Size
100
Minimum Investment
₹1,00,000

Cashflow

₹1,00,000
28-Nov-19 : Your investment
₹10,200
28-Nov-20 : Interest
₹10,200
28-Nov-21 : Interest
₹10,200
28-Nov-22 : Interest
₹1,30,600
28-Feb-23 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹30,600)

Summary

Instrument Attributes

Value

Coupon Rate

10.20%

Returns

High

Bond Rating

AA-

Seniority in Repayment

None

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

FAQs about INE804IA7196 issued by Ecl Finance Limited

The instrument name of INE804IA7196 ISIN is ECL FINANCE LIMITED SR III 10.20 NCD 28FB23 FVRS1000.
The interest earned from INE804IA7196 bond issued by Ecl Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE804IA7196 bond issued by Ecl Finance Limited has been assigned a credit rating of AA- by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 10.2%, which determines the periodic interest payments made to bondholders.
The INE804IA7196 Debenture is issued by Ecl Finance Limited, a Private Sector company.