HSL Mobile App ECL Finance Ltd - NCD
ECL Finance Limited is one of the leading Systemically Important Non‐Deposit taking NBFCs, focused on offering a broad suite of secured corporate loan products, retail loan products, which are customized to suit the needs of the corporates, SMEs and individuals. ECL Finance Limited is a part of the Edelweiss Group, which is one of India’s prominent financial services organization having businesses organized around three broad lines – credit including retail finance; franchise & advisory businesses. The product/ services portfolio of the Edelweiss Group caters to the diverse investment and strategic requirements of corporate, institutional, high net worth individuals and retail clients. Edelweiss Group has a pan India presence with a global footprint extending across geographies with offices in New York, Mauritius, Dubai, Singapore, Hong Kong and UK, and is listed on BSE and NSE.
Issue Details
| Issuer | ECL Finance Limited |
| Issue |
Public Issue by ECL Finance Limited (“Company” or the “Issuer”) of secured redeemable non-convertible debentures of face value of Rs. 1,000 each (“NCDs” for an amount of Rs. 1,500 million (“Base Issue Size”) with an option to retain oversubscription up to Rs. 1,500 million aggregating up to 3,000,000 NCDs amounting to Rs. 3,000 million (“Tranche I Issue Limit”) (“Tranche I Issue”) which is within the Shelf Limit of Rs. 20,000 million |
| Rating | “CRISIL AA/Stable” and “[ICRA]AA" by ICRA` |
| Issue opens |
May 10, 2019 |
| Issue closes | June 07, 2019 |
| Issue Price | Rs. 1,000 per NCD |
| Minimum Application | Rs 10,000/- (10 NCDs) across all Series and in multiples of 1 (one) NCD of Rs 1,000/- each thereafter |
| Coupon Type | Fixed Coupon Rates |
| Listing | NCDs are proposed to be listed on BSE & NSE. |
SPECIFIC TERMS FOR EACH SERIES OF NCDs
| Series | I | II | III** | IV | V | VI | VII | VIII | IX |
| Frequency of Interest Payment | Annual | Cumulative | Annual | Cumulative | Monthly | Annual | Cumulative | Monthly | Annual |
| Minimum Application | Rs. 10,000/‐ (10 NCDs) across all Series | ||||||||
| Face Value / Issue Price (Rs / NCD) | Rs 1,000 | ||||||||
| Tenor from Deemed Date of Allotment | 24 months | 24 months |
39 months |
39 months |
60 months |
60 months |
60 months |
120 months |
120 months |
| Coupon (% per annum) for NCD Holders in Category I,II, III & Category IV | 9.90% | NA | 10.20% | NA | 9.95% | 10.40% | NA | 9.95% | 10.40% |
|
Effective Yield (per annum) for NCD Holders in Category I,II, III and Category IV |
9.90% | 9.90% | 10.20% | 10.20% | 10.42% | 10.40% | 10.40% | 10.42% | 10.40% |
|
Amount (Rs./ NCD) on Maturity for NCD Holders in Category I, II, III & |
1000 | 1208.11 | 1000 | 1,371.81 | 1000 | 1000 | 1,640.90 | 1,000 | 1,000 |
|
Maturity/Redemption Date (Months from the Deemed Date of Allotment) |
24 months | 24 months | 39 months | 39 months | 60 months | 60 months | 60 months | 120 months | 120 months |
|
Put and call option |
N.A. | ||||||||
|
Mode of Interest Payment |
Through various options available | ||||||||
** The Company shall allocate and allot Series III NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series.
How To Invest in NCD's:
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