Instrument Details

ISIN: INE01CY07A86

Face value

₹1,000

Coupon rate

11.50%

Payment

Monthly

Tax Type

Taxable

Issue Size (Cr)

0.245

Instrument Type

Debenture

Returns

High

Date of Issue

07 Jun 2022

Maturity Date

06 Jul 2024

Perpetual

Yes

Listing Status

Unlisted

Rating status

BB+ (Infomerics Ratings)

Call Option

Not Available

Put Option

Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 2-Lower

Guarantee Type

Non Convertible

About this Bond

ICL FINCORP LIMITED SR II MTHLY GEN 11.50 NCD 07JU24 FVRS1000
Icl Fincorp Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE01CY07A86, with a face value of ₹1,000 rs on 07Jun22 to raise 0.245 crores. The debt instrument is issued with a coupon rate of 11.50% and its interest is paid Monthly. 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 11.5% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SUBORDINATE SERIES II MONTHLY GENERAL 07/06/2024.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. Infomerics Valuation and Rating Pvt. Ltd has given BB+ rating to this Debenture on 12Apr23. This issuer is formerly known as IRINJALAKUDA CREDIT AND LEASING COMPANY, JAWAHAR FINANCE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
BB
Moderate Risk
BB+
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Date Verified
17 May 2023
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Outlook
Stable
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Seniority in Repayment
Subordinate Tier 2-Lower
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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
07-Jun-22 : Your investment
₹958
07-Jul-22 : Interest
₹958
07-Aug-22 : Interest
₹958
07-Sep-22 : Interest
₹958
07-Oct-22 : Interest
₹958
07-Nov-22 : Interest
₹958
07-Dec-22 : Interest
₹958
07-Jan-23 : Interest
₹958
07-Feb-23 : Interest
₹958
07-Mar-23 : Interest
₹958
07-Apr-23 : Interest
₹958
07-May-23 : Interest
₹958
07-Jun-23 : Interest
₹958
07-Jul-23 : Interest
₹958
07-Aug-23 : Interest
₹958
07-Sep-23 : Interest
₹958
07-Oct-23 : Interest
₹958
07-Nov-23 : Interest
₹958
07-Dec-23 : Interest
₹958
07-Jan-24 : Interest
₹958
07-Feb-24 : Interest
₹958
07-Mar-24 : Interest
₹958
07-Apr-24 : Interest
₹958
07-May-24 : Interest
₹958
07-Jun-24 : Interest
₹399
06-Jul-24 : Interest
₹1,23,399
06-Jul-24 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹23,399)

Summary

Instrument Attributes

Value

Coupon Rate

11.50%

Returns

High

Bond Rating

BB+

Seniority in Repayment

Subordinate Tier 2-Lower

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE01CY07A86 issued by Icl Fincorp Limited

The instrument name of INE01CY07A86 ISIN is ICL FINCORP LIMITED SR II MTHLY GEN 11.50 NCD 07JU24 FVRS1000.
The interest earned from INE01CY07A86 bond issued by Icl Fincorp Limited is paid Monthly, ensuring regular and consistent income for investors.
This INE01CY07A86 bond issued by Icl Fincorp Limited has been assigned a credit rating of BB+ by Infomerics Valuation and Rating Pvt. Ltd, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 11.5%, which determines the periodic interest payments made to bondholders.
The INE01CY07A86 Debenture is issued by Icl Fincorp Limited, a Private Sector company.