999

ICCL-10.05%-2-2-26-NCD

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Overview
Analysis

Key terms


Outstanding amount
‪2.00 B‬INR
Face value
1,000.00INR
Minimum denomination
10,000.00INR
Coupon
10.05% (Fixed)
Coupon frequency
Annual
Yield to maturity
27.12%
Maturity date
Feb 2, 2026
Term to maturity
1 year

About ICCL-10.05%-2-2-26-NCD


Issuer
Indiabulls Infrastructure Credit Ltd.
Sector
Finance
Industry
Finance/Rental/Leasing
Issue date
Feb 2, 2023
ISIN
INE244L07333
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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