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Edelweiss -ECL Finance -NCD Issue January-2014-To Open On January16,2014


Edelweiss – ECL Finance Ltd – RBI registered Non-Banking financial Institution – has come up with an issue of Secured NCDs which will open on January 16, 2014.Company intends to raise Rs.500 crore through this NCD issue.

Edelwiss financial services limited – known for broking activities is promotor of company.

EDELWEISS-ECL NCD JANUARY-2014 -LOGO

Important dates:

  1. Issue Open Date:January 16, 2014.
  2. Issue close Date :January 27, 2014.

Interest rates and other details:

Options

I II III

IV

Tenure

36 Months

60 Months

Interest Payment Frequency

Monthly Cumulative Monthly

Cumulative

Effective Yield Per Annum

12.24% 12.24% 12.52%

12.52%

Maturity amount – Rs.

1000 1413.87 1000

1803.26

One can view that this issue offers investment period of either 36 months or 60 months while interest payment is either monthly or cumulative (compounded per annum) at the end of tenure.

Under monthly interest payment option,interest will paid out on monthly basis & principal at the end of tenure.

Other imp Details :

  1. Credit Rating :” AA ” by CARE and Brickwork indicates stable and higher safety.
  2. 0.25% higher interest rate for permanent resident employees of Edelweiss Group and shareholders of its promoter group i.e shareholder of Edelweiss Financial Services Limited.
  3. Minimum investment : Rs.10,000 and in multiples of Rs.1000 thereafter.

Profit Reported :

Year ended Profit After Tax -Crores
March-2009 66.60
March-2010 78.28
March-2011 101.82
March-2012 80.95
March-2013 121.17

Edelweiss – which is promoter is reputed company and if you understands the credit risks associated with finance companies….interest rates are sufficient attractive to invest.


Category: Fixed Income

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