Edelweiss – ECL Finance Ltd – Public Issue of Secured NCDs 2018
ECL Finance Limited is one of the leading systematically important non-deposit taking NBFCs, focused on offering a board suite of secured corporate load products, retail loan products which are customized to suit the needs of the corporates, SMEs and individuals.
Edelweiss NCD Issue Highlights:
|Issue Opens||Thursday, 13th December, 2018|
|Issue Closes||Friday, 11th January, 2019|
|Registrar||Link Intime India Pvt Limited|
|Issue Price||Rs. 1,000 per NCD|
|Face Value||Rs. 1,000 per NCD|
|Minimum Application||Rs. 10,000/‐ only|
|Tranche I Issue Size||Rs 10,000 million|
|Credit Ratings||“AA/Stable” by CRISIL and ICRA|
*Effective Yield (Per Annum) for Edelweiss NCD:
|Tenure||39 months||39 months||60 months||60 months||60 months||120 months||120 months|
Key benefits of NCDs:
NCDs offer higher rate of interest to investors.
NCDs are rated by credit rating agencies.
Listed NCDs can be traded on stock exchange.
Difference between NCDs and FDs:
Source: ECL Finance Limited