Check Allotment status of ECL finance NCDs online:
ECL Finance NCDs have alloted on June 26, 2014 and allotment status can be checked online on the website of Link In Time.
Click Here to check allotment status of ECL Finance NCD June 2014.
ECL Finance – Promoted by Edelweiss Financial Services – NCD issue June 2014.
ECL Finance NCD Issue – is of Unsecured and Subordinated nature means investors of this issue won’t get any security cover against NCDs issued and would have subordinated claims.
Company intends to raise Rs.400 Crore through this issue and this capital will be classified as Tier-II capital.
Imp Dates:
- Issue Open Date: June 17, 2014
- Issue Close Date:July 02, 2014 . //Update: Edelweiss ECL Finance NCD issue June2014 will be closed on June 19, 2014.
Interest Rate and Period:
Credit Rating : AA by CARE and Brickwork.indicates stable outlook.
Invest or not:
We can check that period of 70 months is fairly longer and for such a period its always difficult to predict the performance of any finance company..so check own credit risk and invest..issue have relatively good credit rating of AA and company have reported consistent profits…interest rates are fairly high which compensates the subordinated nature of this issue.
