Security Name: 11.25% ECL Finance Limited 03 May 2025
ISIN:
INE804I08643
Taxable
Tax Category
03 May, 2025
Maturity Date
(4 Mo 5 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
04 Feb, 2015
Allotment Date
NA
Put Date
04 Feb, 2025
Next Interest Payment Date
7 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
11.25%
Coupon
Fixed Interest
Coupon Basis
11.2125%
Current Yield
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
ECL Finance Limited
ECL Finance Limited is a systemically important non-deposit taking nonbanking financial company (NBFC SI) registered with the RBI. It is the primary wholesale lending company for the Edelweiss Group. The company currently carries out the Group’s financing activities like structured collateralized corporate loans, real estate financing, loans against securities, small and medium enterprise loans, loans against property, employee stock ownership plan financing and initial public offering funding.
The ratio in FY24 is 6.76x and it was 7.51x in FY23, indicating decrease in debt levels due to decrease in interest on debt securities and other bank charges and finance cost, which resulted in overall decrease in finance cost in FY24.
Debt/EBITDA
The ratio in FY24 is 1.21x and it was 1.13x in FY23, indicating increasing debt servicing ability due to increase in profitability and finance cost in FY24
Interest coverage ratio
Recent News
Central Bank of India enters into Co-Lending partnership with ECL Finance Ltd
Mar 26, 2024 | ECL Finance Limited
Edelweiss Financial Services to raise Rs 300 crore from NCDs
Mar 26, 2024 | ECL Finance Limited
RBI imposes business restrictions on ECL Finance, Edelweiss ARC citing material concerns
May 30, 2024 | ECL Finance Limited
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STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
₹100.3345
Clean Price
10.3500%
Yield (YTM)
Principal Amount
Accrued Interest from
Enter no. of bonds you want to buy
BOND VALUE DETAILS
Face Value
Market Value
Stamp Duty
Select a Settlement Date:
Total Investment
| Cashflow for INE804I08643 |
|---|
| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
|---|
| Security Name |
|---|
| 11.25% ECL Finance Limited 03 May 2025 |
| Credit Rating |
|---|
| A Stable by CARE A + by ICRA |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹10,00,000 |
| Coupon |
|---|
| 11.250000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 03/05/2025 |
| Security |
|---|
| Unsecured Subordinated Tier 2 |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Dec 27,2024 |
| Principal Amount |
|---|
| ₹10,03,345 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹1 |
| Total Amount Payable |
|---|
| ₹10,03,346 |
| Price |
|---|
| ₹100.3345 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Payout Type |
|---|
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
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