Ecl Finance Limited - AA Rated (INE804I08825)

Ecl Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE804I08825, with a face value of ₹1,00,000 rs on 10Aug17 to raise 308 crores. The debt instrument is issued with a coupon rate of NIFTY 50 INDEX LINKED and its interest is paid on Maturity. 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 NIFTY 50 INDEX LINKED UNSECURED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES A3A701A. DATE OF MATURITY 18/08/2023. 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 21Nov17. CRISIL RATINGS LIMITED has given PP-MLD AA- rating to this Debenture on 13Jun17. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.