ECL Finance Limited NCD 2019- Tranche-I
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. Our corporate and retail loan products include:
(i) Structured Collateralised Credit: Our structured collateralized credit loans constituted 18.97% of our total Loan Book as per Ind AS as at December 31, 2018. Structured collateralized credit loans are offered mostly to corporates against collateral such as liquid market securities, pledge of other securities, pledge of shares by promoters, immovable property, etc. The loans include bridge financing or other short term loans to corporates. The funds raised are utilized for the working capital requirement of the corporates, expansion, and diversification of business among other uses. The tenure of the loans is generally up to two years
(ii) Wholesale Mortgages: This includes various structured financing solutions for finance to developers for real estate projects under construction, which constituted 37.78% of the Company’s total Loan Book as per Ind AS as at December 31, 2018.
(iii) SMEs and others: This includes credit facilities and short term loans to SMEs for meeting their business requirements, which constituted 11.67 % of the Company’s total Loan Book as per Ind AS as at December 31, 2018.
(iv) Loans against securities: This includes loans to investors against their existing portfolio of investments, which constituted 17.16 % of the Company’s total Loan Book as per Ind AS as at December 31, 2018.
(v)Retail Mortgages – Loans against Property: This includes loans offered to self-employed individuals for business purposes against a mortgage of residential or commercial property, which constituted 12.57 % of the Company’s total Loan Book as per Ind AS as at December 31, 2018.
(vi) Agri Credit: As a part of agricultural value chain services, we extend short term finance (usually for a period of three to nine months) against agri commodities inventory stored in warehouses managed by the sister concerns of the Company, which constituted 1.85 % of the Company’s total Loan Book as per Ind AS as at December 31, 2018.
Objective of NCD ECL Finance Limited NCD 2019- Tranche-I:
ECL Finance Limited NCD 2019- Tranche-I Details:
|Open Date:||May 10 2019|
|Close Date:||Jun 06 2019|
|Issue Size:||₹ 300 Cr.|
|Face Value:||₹ 1000 Per NCD|
|Market Lot:||10 NCD|
|Freq of Interest Payment||Annual||Cumulative||Annual||Cumulative||Monthly||Annual||Cumulative||Monthly||Annual|
|Minimum Application||Rs 10,000/- (10 NCDs) across all Series|
|FV/ Issue Price||Rs1,000/-|
|In Multiples of thereafter||1,000/- (1 NCD)|
|Tenor||24 M||24 M||39 M||39 M||60 M||60 M||60 M||120 M||120 M|
|Coupon (% per annum)||9.90%||NA||10.20%||NA||9.95%||10.40%||NA||9.95%||10.40%|
|Amount (NCD) on Maturity||1000||1208.1||1000||1371.81||1000||1000||1640.9||1000||1000|
Post Tax returns:
Lead Manager of ECL Finance Limited NCD 2019- Tranche-I:
- Axis Bank Limited
- Edelweiss Capital Limited
Registrar of ECL Finance Limited NCD 2019- Tranche-I:
- Link Intime India Private Limited