Bond Directory / ICL FINCORP LIMITED

ICL FINCORP LIMITED

ACTIVE

11% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SUBORDINATE - SERIES I MONTHLY GENERAL. DATE OF MATURITY 07/07/2023

ISIN

INE01CY07A45

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Essentials

Coupon Rate (Returns)

-

Rating

BB+  Infomerics Valuation and Rating Pvt. Ltd

Interest Payment Frequency

MONTHLY

Twelve Times A Year

Maturity after

-7 months

Jul 07, 2023

Face Value

₹1,000

Coupon Type

Simple

Can be returned to Issuer?

Yes - Put Available

Put option exercised at

At Par

Issue Details

Issue Size

74.85 Lakhs

Issue Price

₹1,000

Security class

Debentures

Listing details

Not listed

Debenture Trustee

-

Issue

Private Placement (non-EBP)

Issuer Details

ICL FINCORP LIMITED

Business Sector

165

Issuer Nature type

Other

Issuer Ownership

Non PSU

Factors

*Rating Agency -Infomerics Valuation and Rating Pvt. Ltd

Issue Size

Small

Rating Category*

BB

Tax Saving

No

Issue Type

Private Placement (non-EBP)

Coupon Type

Simple

Factors

Issue Size

Small

Rating Category*

BB

Tax Saving

No

Issue Type

Private Placement (non-EBP)

Coupon Type

Simple

*Rating Agency - Infomerics Valuation and Rating Pvt. Ltd

Note: Pursuant to the provisions of Section 193 of Income Tax Act, 1961, as amended, with effect from, 1st April 2023, TDS will be deducted @ 10% on any interest payable on any security issued by a company (i.e. securities other than securities issued by the Central Government or a State Government). The listing of products above should not be considered an endorsement or recommendation to invest. Please use your own discretion before you transact. The listed products and their price or yield are subject to availability and market cutoff times.

What is my risk?

Each bond is regularly evaluated by multiple reputed rating agencies

Credit Rating

Credit Rating

BB+

(Apr 12, 2023)

Instruments with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.

Credit Outlook

Stable

A Stable outlook indicates that the Rating is likely to remain unchanged

Rating Watch

4

-

Repayment Priority

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

Subordinate Tier 2

Security with Collateral?

An investment secured with collateral helps

SECURED

UNSECURED

Type of Guarantee

Guarantee of investment by third-party if company defaults

GUARANTEED

NON GUARANTEED

PARTIAL GUARANTEED

gurantee icon

Want to know more?

Download Issue Documents (Information Memorandum / Termsheet)

What other details I need to know?

Other Important bond related information that can help you with decision making

How do I buy this bond?

You can follow the steps mentioned to complete your Purchase.

How do I buy this bond?

You can follow the steps mentioned to complete your Purchase.

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