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12.00% Icl Fincorp Limited - B Rated (INE01CY07JH6)
In-activePrivate SectorSecured
Instrument Details
ISIN: INE01CY07JH6
Face value
₹1,000
Coupon rate
12.00%
Payment
Monthly
Tax Type
Taxable
Issue Size (Cr)
0.677
Instrument Type
Debenture
Returns
High
Date of Issue
02 Nov 2020
Maturity Date
11 Feb 2022
Perpetual
Yes
Listing Status
Unlisted
Rating status
B+ (BRICKWORK Ratings)
Call Option
Not Available
Put Option
Available
Security with Collaterals
Secured
Asset Coverage
-
Seniority in Repayment
Subordinate Tier 2
Guarantee Type
Non Convertible
About this Bond
ICL FINCORP LIMITED SR II MON GEN 12 NCD 02NV22 FVRS1000
Icl Fincorp Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture,
having ISIN value as INE01CY07JH6, with a face value of ₹1,000 rs on 02Nov20 to raise 0.677 crores. The debt instrument
is issued with a coupon rate of 12.00% and its interest is paid
Monthly. 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 12% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES II(MONTHLY-GENERAL). DATE OF MATURITY 02/11/2022. This instrument is issued in Private Placement mode. It has Simple coupon type
with Full Redemption option. The Bond is Not listed on any stock exchange. BRICKWORK RATINGS INDIA PRIVATE LIMITED has given B+ rating to
this Debenture on 30Dec20. This issuer is formerly known as IRINJALAKUDA CREDIT AND LEASING COMPANY, JAWAHAR FINANCE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.
Rating (Debt Quality)
Investment Calculation (Pre-Tax)
Below is an indicative cash-flow on investment, actual cash-flow may differ.
Face Value
₹1,000
Lot Size
100
Minimum Investment
₹1,00,000
Cashflow
₹1,00,000
02-Nov-20 : Your investment
₹1,000
02-Dec-20 : Interest
₹1,000
02-Jan-21 : Interest
₹1,000
02-Feb-21 : Interest
₹1,000
02-Mar-21 : Interest
₹1,000
02-Apr-21 : Interest
₹1,000
02-May-21 : Interest
₹1,000
02-Jun-21 : Interest
₹1,000
02-Jul-21 : Interest
₹1,000
02-Aug-21 : Interest
₹1,000
02-Sep-21 : Interest
₹1,000
02-Oct-21 : Interest
₹1,000
02-Nov-21 : Interest
₹1,000
02-Dec-21 : Interest
₹1,000
02-Jan-22 : Interest
₹1,000
02-Feb-22 : Interest
-₹383
11-Feb-22 : Interest
₹1,14,616
11-Feb-22 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹14,616)
Summary
Instrument Attributes
Value
Coupon Rate
12.00%
Returns
High
Bond Rating
B+
Seniority in Repayment
Subordinate Tier 2
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
HEAD OFFICE
Chennai
SECTOR
Financial Services
ISSUER OWNERSHIP
Private Sector
Other Bonds of Icl Fincorp Limited
FAQs about INE01CY07JH6 issued by Icl Fincorp Limited
What is the instrument name of INE01CY07JH6 ISIN?
The instrument name of INE01CY07JH6 ISIN is ICL FINCORP LIMITED SR II MON GEN 12 NCD 02NV22 FVRS1000.
How frequently is the interest paid on INE01CY07JH6 bond issued by Icl Fincorp Limited?
The interest earned from INE01CY07JH6 bond issued by Icl Fincorp Limited is paid Monthly, ensuring regular and consistent income for investors.
What is the credit rating of the INE01CY07JH6 bond issued by Icl Fincorp Limited?
This INE01CY07JH6 bond issued by Icl Fincorp Limited has been assigned a credit rating of B+ by BRICKWORK RATINGS INDIA PRIVATE LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE01CY07JH6 bond issued by Icl Fincorp Limited?
This Debenture offers a coupon rate of 12%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE01CY07JH6 Debenture?
The INE01CY07JH6 Debenture is issued by Icl Fincorp Limited, a Private Sector company.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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