12% Icl Fincorp Limited - BB Rated (INE01CY07TX2)

Icl Fincorp Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE01CY07TX2, with a face value of ₹1,000 rs on 08Oct21 to raise 1.097 crores. The debt instrument is issued with a coupon rate of 12% 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% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES I(MONTHLY-SENIOR CITIZEN). 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.