999

ICCL-9.20%-25-9-28-NCD

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Overview
Analysis

Key terms


Outstanding amount
‪20.00 B‬INR
Face value
1,000.00INR
Minimum denomination
10,000.00INR
Coupon
9.20% (Fixed)
Coupon frequency
Annual
Yield to maturity
13.07%
Maturity date
Sep 25, 2028
Term to maturity
3 years

About ICCL-9.20%-25-9-28-NCD


Issuer
Indiabulls Infrastructure Credit Ltd.
Sector
Finance
Industry
Finance/Rental/Leasing
Issue date
Sep 25, 2018
ISIN
INE244L07184
Indiabulls Commercial Credit Limited (IBCCL) is a wholly-owned subsidiary of Indiabulls Housing Finance. It is classified as a Non-Deposit taking Systematically Important (ND-SI) Non-Banking Financial Company (NBFC). IBCCL with strong parental support has considerable expertise in mortgage-based financing. SME loans, that IBCCL and IBHFL underwrite are in the lowest risk segment where loans are given out to small businesses. IBCCL emphasizes self-occupied residential properties for collateral, appraising loans which are verified as per cash-flow; and most importantly, loans meant for productive business deployment which has to be demonstrated at the time of loan appraisal all of which is aimed to help small business owners further their business plans.
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