Description

Cash flow schedules for three debt securities of ECL Finance Limited with maturity dates in 2027 and 2028.

Summary

BSE has published updated cash flow schedules for three debt securities issued by ECL Finance Limited. The circular provides detailed payment schedules including coupon payments, principal repayments, and redemption dates for securities maturing in 2027 and 2028.

Key Points

  • Three debt securities covered: INE804I071Y3, INE804I072X3, and INE804I078Q4
  • Securities have varying interest rates ranging from 8.50% to 10.35%
  • Interest rate increases have been implemented for some securities after specific dates
  • Payment frequencies are annual with Actual/Actual day count convention
  • Principal repayments are structured in tranches for some securities

Securities Details

INE804I071Y3:

  • Face Value: ₹100
  • Allotment Date: 31 August 2018
  • Maturity: 31 August 2028
  • Interest Rate: 9.85% (original), increased to 10.10% and then 10.35%
  • Rate increase effective from 31 August 2024

INE804I072X3:

  • Face Value: ₹100
  • Allotment Date: 19 September 2017
  • Maturity: 17 September 2027
  • Interest Rate: 8.50% (original), increased to 8.75% and then 9.00%
  • Rate increase effective from 19 September 2024

INE804I078Q4:

  • Face Value: ₹100
  • Allotment Date: 06 March 2017
  • Maturity: 05 March 2027
  • Interest Rate: 9.25% (old), increased to 9.50%
  • Rate increase effective from 06 March 2025

Payment Schedule

  • Annual coupon payments as per scheduled due dates
  • Staggered principal repayments for some securities
  • Final redemption on respective maturity dates
  • All payments follow business day conventions

Important Dates

  • 17 September 2027: Maturity date for INE804I072X3
  • 05 March 2027: Maturity date for INE804I078Q4
  • 31 August 2028: Maturity date for INE804I071Y3
  • Various coupon payment dates throughout the tenure

Impact Assessment

This disclosure provides transparency to debt security holders regarding their expected cash flows, enabling better financial planning and investment decisions. The structured payment schedules and interest rate increases reflect the terms of the securities and help investors track their returns.

Impact Justification

Important cash flow information for debt securities holders to plan their investment returns