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9.95%ECL Finance Limited 28 Nov 2024

ISIN:
INE804IA7212
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Taxable

Tax Category

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28 Nov, 2024

Maturity Date
(5 Mo 15 D to mature)

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Monthly

Interest Payment Frequency

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No

NRI Eligibility

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28 Nov, 2019

Allotment Date

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NA

Put Date

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01 Jul, 2024

Next Interest Payment Date

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15 days

Shut Period

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Both

Active on NSDL/CDSL

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Non-Guaranteed

Type of Guarantee

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No

Perpetual

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IPO

Mode of Issue

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Listed

Listing Details

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Non Public Sector Undertaking

Type of Issuer

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Dirty Price

YOUR EARNING
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Your Investment

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Final Payout

₹0

Year
Payment Schedule(Date)
Interest Payout(₹)
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Credit Rating
Low SafetyHigh Safety
A+ Stable
CRISIL
A Stable
CARE
Senior

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Secured

Security with Collateral?

An investment secured with collateral helps

ISSUER
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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 FY23 is 7.5x and it was 6.4x in FY22, indicating increasing debt levels due to reduction of finance cost in EBITDA in FY23 compared to finance cost in FY22.

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Debt/EBITDA

The ratio in FY23 is 1.13x and it was 1.04x in FY22, indicating increasing debt servicing ability due to increase in profits.

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Interest coverage ratio

Recent News
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Central Bank of India enters into Co-Lending partnership with ECL Finance Ltd

Mar 26, 2024 | ECL Finance Limited

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Edelweiss Financial Services to raise Rs 300 crore from NCDs

Mar 26, 2024 | ECL Finance Limited

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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
Complete KYCe-KYC approval in just 5 minutes!Place your OrderSwipe right to buy this Bond.Transfer funds to ICCLUse Net Banking or visit your nearest branch.SettlementSit back and relax, while we deliver your Security!
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How to exit the investment?
At MaturityThe Issuer will return your principal and redeem the bond
Sell your bond anytimeYou can sell your bond anytime you want by reaching out to your Relationship Manager.
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To know more about the Bond and the issuer, download the Information Memorandum.
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To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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