11.25% Ecl Finance Limited - A Rated (INE804I08643)

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.