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Instrument Details

ISIN: INE804I08643

Face value

₹10,00,000

Coupon rate

11.25%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

350

Instrument Type

Debenture

Returns

High

Date of Issue

04 Feb 2015

Maturity Date

05 Mar 2025

Perpetual

Yes

Listing Status

Listed

Rating status

A (CARE Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

ECL FINANCE LIMITED SR-II 11.25 NCD 03MY25 FVRS10LAC
Ecl Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE804I08643, with a face value of ₹10,00,000 rs on 04Feb15 to raise 350 crores. The debt instrument is issued with a coupon rate of 11.25% and its interest is paid Annually. 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 Unsecured Debenture is 11.25% UNSECURED REDEEMABLE NON-CONVERTIBLE SUBORDINATED DEBT (TIER II) IN THE NATURE OF DEBENTURES. SERIES II. DATE OF MATURITY 03/05/2025. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 19Feb15. CARE Ratings Limited has given A rating to this Debenture on 04Feb15. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
A
Adequate Safety
A
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Date Verified
04 Jan 2024
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Outlook
Stable
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Seniority in Repayment
Subordinate Tier 2
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Security
Unsecured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
04-Feb-15 : Your investment
₹1,12,50,000
04-Feb-16 : Interest
₹1,12,50,000
04-Feb-17 : Interest
₹1,12,50,000
04-Feb-18 : Interest
₹1,12,50,000
04-Feb-19 : Interest
₹1,12,50,000
04-Feb-20 : Interest
₹1,12,50,000
04-Feb-21 : Interest
₹1,12,50,000
04-Feb-22 : Interest
₹1,12,50,000
04-Feb-23 : Interest
₹1,12,50,000
04-Feb-24 : Interest
₹1,12,50,000
04-Feb-25 : Interest
₹21,25,00,000
05-Mar-25 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹11,25,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

11.25%

Returns

High

Bond Rating

A

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
Mumbai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE804I08643 issued by Ecl Finance Limited

The instrument name of INE804I08643 ISIN is ECL FINANCE LIMITED SR-II 11.25 NCD 03MY25 FVRS10LAC.
The interest earned from INE804I08643 bond issued by Ecl Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE804I08643 bond issued by Ecl Finance Limited has been assigned a credit rating of A by CARE Ratings Limited, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 11.25%, which determines the periodic interest payments made to bondholders.
The INE804I08643 Debenture is issued by Ecl Finance Limited, a Private Sector company.
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