9.80% Ecl Finance Limited - A Rated (INE804I07E42)

Ecl Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE804I07E42, with a face value of ₹10,00,000 rs on 06Oct15 to raise 12.5 crores. The debt instrument is issued with a coupon rate of 9.80% 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 9.80% SECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES. DATE OF MATURITY 06/10/2025. 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 27Oct15. CARE Ratings Limited has given A rating to this Debenture on 06Oct15. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.