Instrument Details

ISIN: INE01CY07VG3

Face value

₹1,000

Coupon rate

12.75%

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

0.12

Instrument Type

Debenture

Returns

High

Date of Issue

13 Nov 2021

Maturity Date

13 Nov 2024

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

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

ICL FINCORP LIMITED SR III CUM GEN 12.75 NCD 13NV24 FVRS1000
Icl Fincorp Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE01CY07VG3, with a face value of ₹1,000 rs on 13Nov21 to raise 0.12 crores. The debt instrument is issued with a coupon rate of 12.75% 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 12.75% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES III(CUMMULATIVE - GENERAL). DATE OF MATURITY 13/11/2024. This instrument is issued in Private Placement (non-EBP) 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 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-
check
Date Verified
15 Feb 2022
check
Outlook
Stable
logo
Seniority in Repayment
Subordinate Tier 2
logo
Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

12.75%

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 INE01CY07VG3 issued by Icl Fincorp Limited

The instrument name of INE01CY07VG3 ISIN is ICL FINCORP LIMITED SR III CUM GEN 12.75 NCD 13NV24 FVRS1000.
The interest earned from the INE01CY07VG3 bond issued by Icl Fincorp Limited is paid at the time of maturity
This INE01CY07VG3 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 12.75%, which determines the periodic interest payments made to bondholders.
The INE01CY07VG3 Debenture is issued by Icl Fincorp Limited, a Private Sector company.