ECL Finance Limited NCD Issue :- Issue Opens 16th Jan'2014

Please find below the Details on ECL Finance Limited NCD (An Edelweiss Group Company).

Issue Opens:                                      Thursday, January 16, 2014

Issue Closes:                                      Monday, January 27, 2014

Issue Size:                                           Rs. 250 Crs with an option to retain oversubscription upto 250 Crs more aggregating to 500 Crs.

Tenor:                                                   Option I and Option II -36 months

Option III and Option IV -60 months

Rating:                                                  ‘CARE AA’ [Double A] by Care & ‘BWR AA (Outlook: Stable)' by  Brickwork

Coupon Rate:                                    11.60% for 36 months  - Monthly

11.85% for 60 months - Monthly

Effective Yield:                                 12.24% for 36 months  - Monthly & Cumulative

                                                                12.52% for 60 months - Monthly & Cumulative

Listing:                                                 BSE

*Additional Coupon rate of 0.25% for permanent resident employees of Edelweiss Group and resident Indian individual shareholders of Promoter Company.

Thanks & Regards

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