By Vivek K. Mobile: 09920183006 Email:firstname.lastname@example.org
ECL Finance Ltd (ECLF), the NBFC arm of Edelweiss Group, today announced the public issue of Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs. 1,000 each, aggregating to Rs. 2,500 million, with an option to retain over-subscription up to Rs. 7,500 million aggregating to a total of Rs. 10,000 million (Rs. 1,000 crores).
*The NCDs offer an effective yield of 10.20% p.a. for 39 months tenure, 10.42% p.a. for 60 months tenure and 10.64% for 120 months tenure.
CRISIL has rated the offering “CRISIL AA/Stable” and ICRA has given it a “[ICRA] AA (Stable)” indicating that the instruments are considered to have a high degree of safety for timely servicing of financial obligations and carry very low credit risk.