10.40% Ecl Finance Limited - A Rated (INE804IA7253)

Ecl Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE804IA7253, with a face value of ₹1,000 rs on 28Nov19 to raise 40.4784 crores. The debt instrument is issued with a coupon rate of 10.40% 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 Secured Debenture is 10.40% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IX. DATE OF MATURITY 28/11/2029. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 02Dec19. CRISIL RATINGS LIMITED has given A+ rating to this Debenture on 07Oct19. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.