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  3. ICL Fincorp announces NCD issue from Nov 28

ICL Fincorp announces NCD issue from Nov 28

27 Nov 2023

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Key Takeaways

  • Strategic NCD Launch: ICL Fincorp's BBB- Stable-rated NCD issuance strategically taps into the gold loan sector.

  • Diverse Investor Appeal: Varied interest rates and flexible tenure options make the NCDs attractive to diverse investors.

  • Growth and Fortification: The NCD launch supports the growth and fortification of ICL Fincorp's gold loan business, reflecting prudent financial planning.

  • Strategic NCD Launch: ICL Fincorp's BBB- Stable-rated NCD issuance strategically taps into the gold loan sector.

  • Diverse Investor Appeal: Varied interest rates and flexible tenure options make the NCDs attractive to diverse investors.

  • Growth and Fortification: The NCD launch supports the growth and fortification of ICL Fincorp's gold loan business, reflecting prudent financial planning.

ICL Fincorp Unlisted Shares

ICL Fincorp

-3.35%

Expert Analysis

ICL Fincorp Launches Strategic NCD Offering in Gold Loan Sector, Attracting Diverse Investors with Varied Options

Expert Analysis:

  • ICL Fincorp strategically launched a public issue of secured NCDs in the gold loan sector.

  • The BBB- Stable rating and interest rates ranging from 11% to 13% provide diverse investment options.

  • Four schemes with a face value of ₹1,000 each offer ten investment options, accommodating varying capacities.

  • Flexible tenure choices (13 to 68 months) and payout structures enhance the appeal to investors.

  • Funds raised will fortify ICL Fincorp's gold loan business, reflecting prudent financial planning.

Publisher:The Hindu Business Line