Instrument Details

ISIN: INE01CY07TW4

Face value

₹1,000

Coupon rate

11.50%

Payment

Monthly

Tax Type

Taxable

Issue Size (Cr)

0.2315

Instrument Type

Debenture

Returns

High

Date of Issue

08 Oct 2021

Maturity Date

11 Aug 2022

Perpetual

Yes

Listing Status

Unlisted

Rating status

BB+ (BRICKWORK Ratings)

Call Option

Not Available

Put Option

Available

Security with Collaterals

Secured

Asset Coverage

Principal

Seniority in Repayment

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

ICL FINCORP LIMITED SR I MTHLY GEN 11.50 NCD 08NV22 FVRS1000
Icl Fincorp Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE01CY07TW4, with a face value of ₹1,000 rs on 08Oct21 to raise 0.2315 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 11.50% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES I(MONTHLY-GENERAL). DATE OF MATURITY 08/11/2022. 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. 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
20 Jan 2022
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Outlook
Stable
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Seniority in Repayment
Subordinate Tier 2
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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
08-Oct-21 : Your investment
₹958
08-Nov-21 : Interest
₹958
08-Dec-21 : Interest
₹958
08-Jan-22 : Interest
₹958
08-Feb-22 : Interest
₹958
08-Mar-22 : Interest
₹958
08-Apr-22 : Interest
₹958
08-May-22 : Interest
₹958
08-Jun-22 : Interest
₹958
08-Jul-22 : Interest
₹958
08-Aug-22 : Interest
₹1,09,583
11-Aug-22 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹9,583)

Summary

Instrument Attributes

Value

Coupon Rate

11.50%

Returns

High

Bond Rating

BB+

Seniority in Repayment

Subordinate Tier 2

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 INE01CY07TW4 issued by Icl Fincorp Limited

The instrument name of INE01CY07TW4 ISIN is ICL FINCORP LIMITED SR I MTHLY GEN 11.50 NCD 08NV22 FVRS1000.
The interest earned from INE01CY07TW4 bond issued by Icl Fincorp Limited is paid Monthly, ensuring regular and consistent income for investors.
This INE01CY07TW4 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 11.5%, which determines the periodic interest payments made to bondholders.
The INE01CY07TW4 Debenture is issued by Icl Fincorp Limited, a Private Sector company.