Edelweiss NCD: NonConvertible Debenture of ECL Finance Limited

Edelweiss NCD (NonConvertible Debenture): ECL Finance Ltd, a company of Edelweiss Group, is issuing it’s from 13-Dec-2018 to 11-Jan-2019.

edelweiss ncd

Edelweiss NCD (NonConvertible Debenture) Details
Issue Type Secured Redeemable Non-Convertible Debentures
Issuer ECL Finance Limited
Issue Opens 13-Dec-2018
Issue Closes 11-Jan-2019
Yields 39 Months-10.20%

60 Months-10.42%

120 Months-10.62%

Face Value Rs 1,000/- per NCD
Issue Size Rs 1,000 Crores
Minimum Order 10 NCD (Rs 10,000/-)
Listing BSE, and NSE

(Read: Debenture – Fixed Income Investment)

Rating of Edelweiss NCD

This issue has been rated ‘CRISIL AA/Stable’ by CRISIL Limited and ‘[ICRA]AA’ by ICRA Limited.

Maturity and Redemption

Please refer to the draft prospectus.

About Edelweiss Capital

ECL Finance Limited is the non-banking financial company (NBFC) which belongs to the Edelweiss Group and promoted by Edelweiss Financial Services Limited. Incorporated in the year 2005 in Mumbai,  Maharashtra, this company offers solutions to promoters and corporates for their capital needs through its Wholesale Financing Business. It maintains sufficient liquidity in its portfolio to support the capital needs of its other businesses through its Internal Treasury Operations.

   This company offers a broad suite of secured corporate loan products, retail loan products which are customized to suit the needs of the corporates, SMEs, and individuals. Their corporate and retail loan product include:-

  • Structured Collateralised Credit
  • Wholesale Mortgages
  • SMEs and others
  • Loans against securities
  • Retail Mortgages – Loans against Property
  • Agri Credit

The key strengths of the company are:-

  • Established brand and parentage
  • Their network of over 100 offices
  • A liquid balance sheet with a track record of high growth and profitability
  • Secured Loan Book wit strong asset quality
  • Diversified funding profile
  • Robust risk management systems and independent processes
  • Equipped with advanced technology as a differentiator

The CAGR of ECL Finance Ltd is Rs 30,600 million in the year 2018 and their loan book Rs 220,081.23 million in this year.

Company Contact Details

Edelweiss House, Off. C.S.T Road, Kalina, Mumbai 400098, Maharashtra, India.

Telephone: +91 22 4009 4400

Email: eclfdebtipo@edelweissfin.com
Website: https://eclfinance.edelweissfin.com/

Edelweiss NCD Lead Managers

Following are the lead managers of Edelweiss NCD:-

  1. IIFL Holdings Limited
  2. Edelweiss Financial Services Limited
  3. Axis Bank Limited
  4. Trust Investment Advisors Pvt Ltd
Edelweiss NCD Registrar

Link Intime India Private Limited

C- 101 1st Floor 247 Park, LBS Marg, Vikhroli (West), Mumbai 400083, Maharashtra, India
Telephone: +91 22 4918 6200
Email: eclnov2018.ncd@linkintime.co.in

Edelweiss NCD Trustee

Beacon Trusteeship Limited

4 C&D, Siddhivinayak Chambers, Gandhi Nagar, Opp. MIG Cricket Club, Bandra (East), Mumbai- 400 051
Telephone: +91 22 26558759
Email: compliance@beacontrustee.co.in

Please read the draft prospectus for detailed information of Edelweiss NCD issue.

Disclaimer: This post is just an information about the scheme. It does not give any advice or recommendation. Investment in securities is subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions. 

Follow us on Facebook, LinkedIn, and Twitter to get the latest posts.

Tags: #debenture #nonconvertible debenture #bond #Investment #NCD #Edelweiss

Leave a Reply

Your e-mail address will not be published. Required fields are marked *