ICL Fincorp announces NCD issue from Nov 28

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.