Instrument Details

ISIN: INE01CY07LO8

Face value

₹1,000

Coupon rate

13.66%

Payment

Monthly

Tax Type

Taxable

Issue Size (Cr)

0.292

Instrument Type

Debenture

Returns

High

Date of Issue

07 Jan 2021

Maturity Date

06 Jul 2026

Perpetual

Yes

Listing Status

Unlisted

Rating status

BB+ (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 CTZ 13.66 NCD 07JU26 FVRS1000
Icl Fincorp Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE01CY07LO8, with a face value of ₹1,000 rs on 07Jan21 to raise 0.292 crores. The debt instrument is issued with a coupon rate of 13.66% 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 13.66% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IV (CUMULATIVE-GENERAL AND SENIOR CITIZEN). DATE OF MATURITY 07/06/2026. 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 BB+ 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
BB
Moderate Risk
BB+
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Date Verified
10 Feb 2021
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Outlook
Stable
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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
07-Jan-21 : Your investment
₹1,138
07-Feb-21 : Interest
₹1,138
07-Mar-21 : Interest
₹1,138
07-Apr-21 : Interest
₹1,138
07-May-21 : Interest
₹1,138
07-Jun-21 : Interest
₹1,138
07-Jul-21 : Interest
₹1,138
07-Aug-21 : Interest
₹1,138
07-Sep-21 : Interest
₹1,138
07-Oct-21 : Interest
₹1,138
07-Nov-21 : Interest
₹1,138
07-Dec-21 : Interest
₹1,138
07-Jan-22 : Interest
₹1,138
07-Feb-22 : Interest
₹1,138
07-Mar-22 : Interest
₹1,138
07-Apr-22 : Interest
₹1,138
07-May-22 : Interest
₹1,138
07-Jun-22 : Interest
₹1,138
07-Jul-22 : Interest
₹1,138
07-Aug-22 : Interest
₹1,138
07-Sep-22 : Interest
₹1,138
07-Oct-22 : Interest
₹1,138
07-Nov-22 : Interest
₹1,138
07-Dec-22 : Interest
₹1,138
07-Jan-23 : Interest
₹1,138
07-Feb-23 : Interest
₹1,138
07-Mar-23 : Interest
₹1,138
07-Apr-23 : Interest
₹1,138
07-May-23 : Interest
₹1,138
07-Jun-23 : Interest
₹1,138
07-Jul-23 : Interest
₹1,138
07-Aug-23 : Interest
₹1,138
07-Sep-23 : Interest
₹1,138
07-Oct-23 : Interest
₹1,138
07-Nov-23 : Interest
₹1,138
07-Dec-23 : Interest
₹1,138
07-Jan-24 : Interest
₹1,138
07-Feb-24 : Interest
₹1,138
07-Mar-24 : Interest
₹1,138
07-Apr-24 : Interest
₹1,138
07-May-24 : Interest
₹1,138
07-Jun-24 : Interest
₹1,138
07-Jul-24 : Interest
₹1,138
07-Aug-24 : Interest
₹1,138
07-Sep-24 : Interest
₹1,138
07-Oct-24 : Interest
₹1,138
07-Nov-24 : Interest
₹1,138
07-Dec-24 : Interest
₹1,138
07-Jan-25 : Interest
₹1,138
07-Feb-25 : Interest
₹1,138
07-Mar-25 : Interest
₹1,138
07-Apr-25 : Interest
₹1,138
07-May-25 : Interest
₹1,138
07-Jun-25 : Interest
₹1,138
07-Jul-25 : Interest
₹1,138
07-Aug-25 : Interest
₹1,138
07-Sep-25 : Interest
₹1,138
07-Oct-25 : Interest
₹1,138
07-Nov-25 : Interest
₹1,138
07-Dec-25 : Interest
₹1,138
07-Jan-26 : Interest
₹1,138
07-Feb-26 : Interest
₹1,138
07-Mar-26 : Interest
₹1,138
07-Apr-26 : Interest
₹1,138
07-May-26 : Interest
₹1,138
07-Jun-26 : Interest
-₹56
06-Jul-26 : Interest
-₹56
06-Jul-26 : Interest
₹1,73,877
06-Jul-26 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹73,877)

Summary

Instrument Attributes

Value

Coupon Rate

13.66%

Returns

High

Bond Rating

BB+

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 INE01CY07LO8 issued by Icl Fincorp Limited

The instrument name of INE01CY07LO8 ISIN is ICL FINCORP LIMITED SR IV CM GN&SN CTZ 13.66 NCD 07JU26 FVRS1000.
The interest earned from INE01CY07LO8 bond issued by Icl Fincorp Limited is paid Monthly, ensuring regular and consistent income for investors.
This INE01CY07LO8 bond issued by Icl Fincorp Limited has been assigned a credit rating of BB+ 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 INE01CY07LO8 Debenture is issued by Icl Fincorp Limited, a Private Sector company.