Instrument Details

ISIN: INE01CY07KB7

Face value

₹1,000

Coupon rate

13.66%

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

0.8325

Instrument Type

Debenture

Returns

High

Date of Issue

18 Nov 2020

Maturity Date

18 Apr 2026

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 IV CM GN&SN CT 13.66 NCD 18AP26 FVRS1000
Icl Fincorp Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE01CY07KB7, with a face value of ₹1,000 rs on 18Nov20 to raise 0.8325 crores. The debt instrument is issued with a coupon rate of 13.66% 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 13.66% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IV (CUMULATIVE-GENERAL AND SENIOR CITIZEN). DATE OF MATURITY 18/04/2026. This instrument is issued in Private Placement mode. It has Compounding 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 11Nov19. 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+
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Date Verified
19 Jan 2024
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Outlook
Stable
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Seniority in Repayment
None
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

13.66%

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 INE01CY07KB7 issued by Icl Fincorp Limited

The instrument name of INE01CY07KB7 ISIN is ICL FINCORP LIMITED SR IV CM GN&SN CT 13.66 NCD 18AP26 FVRS1000.
The interest earned from the INE01CY07KB7 bond issued by Icl Fincorp Limited is paid at the time of maturity
This INE01CY07KB7 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 13.66%, which determines the periodic interest payments made to bondholders.
The INE01CY07KB7 Debenture is issued by Icl Fincorp Limited, a Private Sector company.