All types of investors can participate, ICL Fincorp with redeemable NCDs

All types of investors can participate, ICL Fincorp with redeemable NCDs


Refer Report

Thrissur: Non-banking financial institution ICL Fincorp has announced BBB Stable rated Secured Redeemable NCDs with Crisil. ICL Fincorp offers a secure service that ensures attractive rate of return and flexible tenor to the investors. The issue has been prepared in such a way that all types of investors can participate.

The issue with a face value of Rs 1,000 is available till January 21. The issue will close early if fully subscribed. The minimum application amount is Rs 10,000.NCDs have a face value of Rs.1,000. The company offers double the amount to the investor for a tenure of 68 months. The highest interest rate per tenure is 12.50% for 60 months, 12.00% for 36 months, 11.50% for 24 months and 11.00% for 13 months. www.iclfincorp.com. 85890 01187.

Source: Malayalam