10.25% Ecl Finance Limited - A Rated (INE804I08742)

Ecl Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE804I08742, with a face value of ₹10,00,000 rs on 16May17 to raise 150 crores. The debt instrument is issued with a coupon rate of 10.25% 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 10.25% UNSECURED NON CONVERTIBLE SUBORDINATED PERPETUAL BONDS IN THE NATURE OF DEBENTURES. SERIES II.. 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 25May17. Acuite Ratings And Research Limited has given A rating to this Debenture on 28Apr17. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.