Instrument Details

ISIN: INE01CY07JI4

Face value

₹1,000

Coupon rate

12.50%

Payment

Monthly

Tax Type

Taxable

Issue Size (Cr)

0.54

Instrument Type

Debenture

Returns

High

Date of Issue

02 Nov 2020

Maturity Date

11 Feb 2022

Perpetual

Yes

Listing Status

Unlisted

Rating status

B+ (BRICKWORK Ratings)

Call Option

Not Available

Put Option

Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

ICL FINCORP LIMITED SR II MON SNR CTZ 12.50 NCD 02NV22 FVSR1000
Icl Fincorp Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE01CY07JI4, with a face value of ₹1,000 rs on 02Nov20 to raise 0.54 crores. The debt instrument is issued with a coupon rate of 12.50% 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 12.50% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES II(MONTHLY-SENIOR CITIZEN). DATE OF MATURITY 02/11/2022. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. BRICKWORK RATINGS INDIA PRIVATE LIMITED has given B+ rating to this Debenture on 30Dec20. 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
B
High Risk
B+
check
Date Verified
13 Dec 2023
check
Outlook
Stable
logo
Seniority in Repayment
None
logo
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
02-Nov-20 : Your investment
₹1,041
02-Dec-20 : Interest
₹1,041
02-Jan-21 : Interest
₹1,041
02-Feb-21 : Interest
₹1,041
02-Mar-21 : Interest
₹1,041
02-Apr-21 : Interest
₹1,041
02-May-21 : Interest
₹1,041
02-Jun-21 : Interest
₹1,041
02-Jul-21 : Interest
₹1,041
02-Aug-21 : Interest
₹1,041
02-Sep-21 : Interest
₹1,041
02-Oct-21 : Interest
₹1,041
02-Nov-21 : Interest
₹1,041
02-Dec-21 : Interest
₹1,041
02-Jan-22 : Interest
₹1,041
02-Feb-22 : Interest
-₹399
11-Feb-22 : Interest
₹1,15,225
11-Feb-22 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹15,225)

Summary

Instrument Attributes

Value

Coupon Rate

12.50%

Returns

High

Bond Rating

B+

Seniority in Repayment

None

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 INE01CY07JI4 issued by Icl Fincorp Limited

The instrument name of INE01CY07JI4 ISIN is ICL FINCORP LIMITED SR II MON SNR CTZ 12.50 NCD 02NV22 FVSR1000.
The interest earned from INE01CY07JI4 bond issued by Icl Fincorp Limited is paid Monthly, ensuring regular and consistent income for investors.
This INE01CY07JI4 bond issued by Icl Fincorp Limited has been assigned a credit rating of B+ by BRICKWORK RATINGS INDIA PRIVATE LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 12.5%, which determines the periodic interest payments made to bondholders.
The INE01CY07JI4 Debenture is issued by Icl Fincorp Limited, a Private Sector company.