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Issue Open | May 10, 2019 |
Issue Close | May 17, 2019 |
Issue Size (Base) | ₹300.00 Crores |
Issue Size (Shelf) | ₹2,000.00 Crores |
Issue Price | ₹1000 per NCD |
Listing At | BSE |
Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day.The allotment is done on a First Come First Serve Basis.
Bid/Offer Opens On | May 10, 2019 |
Bid/Offer Closes On | May 17, 2019 |
Record Date | |
Deemed Date of Allotment |
Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | |
---|---|---|---|---|---|---|---|---|---|
Frequency of Interest Payment | Annual | Cumulative | Annual | Cumulative | Monthly | Annual | Cumulative | Monthly | Annual |
Tenor | 24 months | 24 months | 39 months | 39 months | 60 months | 60 months | 60 months | 120 months | 120 months |
Coupon Rate | 9.90% | NA | 10.20% | NA | 9.95% | 10.40% | NA | 9.95% | 10.40% |
Amount on Maturity | Rs 1,000 | Rs 1,208.11 | Rs 1,000 | Rs 1,371.81 | Rs 1,000 | Rs 1,000 | Rs 1,640.90 | Rs 1,000 | Rs 1,000 |
Note that the Shelf issue is an option to retain oversubscription up to shelf issue size over and above the base issue.
You could check ECL Finance Limited NCD Grey Market Premium (GMP Rate) by visiting our Grey Market Price (Message Board).
Note that there is no official source of GMP Rate as they are over-the-counter transactions.
The NCDs proposed to be issued under this Issue have been rated "CARE AA; Positive" (pronounced as CARE AA with Positive outlook) for an amount of Rs 20,000 million, by CARE Ratings Limited vide their letter dated April 10, 2019 and "CRISIL AA/Stable" (pronounced as CRISIL double A rating with Stable outlook) for an amount of Rs 20,000 million, by CRISIL Limited vide their letter dated April 18, 2019.
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