The information provided are for general consumption only. Do not construe this as an offer/advice/research to buy/sell any securities

Instrument Details

ISIN: INE804IA7238

Face value

₹1,000

Coupon rate

0%

Payment

Never

Tax Type

Taxable

Issue Size (Cr)

94.6649

Instrument Type

Debenture

Returns

Low

Date of Issue

28 Nov 2019

Maturity Date

28 Nov 2024

Perpetual

Yes

Listing Status

Listed

Rating status

A+ (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

ECL FINANCE LIMITED SR VII NCD 28NV24 FVRS1000
Ecl Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE804IA7238, with a face value of ₹1,000 rs on 28Nov19 to raise 94.6649 crores. The debt instrument is issued with a coupon rate of 0% and its interest is paid Never. 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 ZERO COUPON SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES VII. DATE OF MATURITY 28/11/2024. 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.

Rating (Debt Quality)

Instrument Rating
A
Adequate Safety
A+
check
Date Verified
10 Jun 2024
check
Outlook
No Outlook
logo
Seniority in Repayment
None
logo
Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

0%

Returns

Low

Bond Rating

A+

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE804IA7238 issued by Ecl Finance Limited

The instrument name of INE804IA7238 ISIN is ECL FINANCE LIMITED SR VII NCD 28NV24 FVRS1000.
Never, as INE804IA7238 bond issued by Ecl Finance Limited is a Zero-coupon bond.
This INE804IA7238 bond issued by Ecl Finance Limited has been assigned a credit rating of A+ by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE804IA7238 bond issued by Ecl Finance Limited is 0%.
The INE804IA7238 Debenture is issued by Ecl Finance Limited, a Private Sector company.
People

Invest in safer portfolio without compromising returns.

Dezerv Debt PMS strategy designed by our investment experts

Learn more

up arrow