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.
Important dates:
- Issue Open Date:January 16, 2014.
- 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 :
- Credit Rating :” AA ” by CARE and Brickwork indicates stable and higher safety.
- 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.
- 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.
