E
AA Secured NCD

ECL Finance Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2028

Current YTM
10.28%
Market YTM
Coupon Rate
8.88%
Per annum
Maturity Date
22 Mar 2028
1.6 Yrs to Maturity
Interest Payment
Monthly
Frequency
Face Value
₹1,000
Per Bond
Market Position
YTM (Annual)
10.28%
Live, last traded 2026-08-26
10Y G-Sec Benchmark
6.68%
Reference point, not this bond's tenor
Spread over G-Sec
+467 bps
vs 1.6Y G-Sec at 5.61%
Above the median spread for similar-tenor peers
Tenure
1.6 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-08-11 2026-08-26
Cashflow Timeline
22 Sep 2026
Interest Payment
₹7.40 / Bond
22 Oct 2026
Interest Payment
₹7.40 / Bond
22 Nov 2026
Interest Payment
₹7.40 / Bond
22 Dec 2026
Interest Payment
₹7.40 / Bond
22 Jan 2027
Interest Payment
₹7.40 / Bond
22 Feb 2027
Interest Payment
₹7.40 / Bond
22 Mar 2027
Interest Payment
₹7.40 / Bond
22 Apr 2027
Interest Payment
₹7.40 / Bond
22 Mar 2028
Principal Payment
₹1,000.00 / Bond

Next 8 coupons + principal at maturity · per ₹1,000 face value

Payment Disclosures (SEBI Reg52(4)) 1 disclosed
Due DateTypeAmount DueAmount PaidStatusFiling
2026-08-01 Interest ₹3,100,000.00 ₹3,100,000.00 Paid XBRL →
Non-payment reason: NA

Source: NSE Debt Centralised Database (corporate-interest-payment / corporate-redemption-payment), per SEBI LODR Reg 52(4)/60. Coverage begins 2026-08-02 -- history accumulates as disclosures are broadcast.

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ◆ Reg52(4) disclosed ┊ Today
Today Rating action: by CRISIL on 2026-08-06 Withdrawn: by CRISIL on 2026-06-25 Interest paid (SEBI Reg52(4) disclosure) — due 2026-08-01 Issued 2018-03-22 Matures 2028-03-22

2 rating actions on file since issue — hover a dot for detail.

1 SEBI Reg52(4) disclosed payment — hover a square/diamond for detail.

Key Metrics
Coupon Rate
8.88%
YTM (Annual)
10.28%
Credit Rating
AA
(CRISIL)
Remaining Tenure
1.6 Years
Advanced metrics
Modified Duration
1.45 Yrs
Macaulay Duration
1.46 Yrs
Issue Size
₹41 Cr
Minimum Investment
₹1,000
(1 Bond)
Market Characteristics
Modified Duration
1.45 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Monthly
Last Trade
2026-08-26
NSE CM
Trades (30 Days)
20
Exchange-reported sessions
Security Status
Secured
Callable
Observations
  • This bond is secured.
  • 20 secondary-market trades recorded in the last 30 days.
  • Coupon is 1.12 percentage points below the median for tracked NCD bonds. (based on 18935 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 16 Jul 2026
Instrument Type
NCD
Issue Date
2018-03-22
Day Count Convention
30/360
Listed Exchange
Call / Put Option
Callable & Puttable

8.88% SECURED RATED LISTED REDEEMABLE NON CONVRTIBLE DEBENTURES. SERIES V. DATE OF MATURITY 22/03/2028 is a secured, rated, redeemable ncd issued by ECL Finance Limited. The bond offers a fixed coupon of 8.88% p.a. with monthly interest payments and repays principal on maturity. The issuer holds the right to redeem the bond before maturity date.

Rating Action History 2 actions
DateAgencyActionRatingOutlookRationale
2026-08-06 CRISIL Other View →
2026-06-25 CRISIL Withdrawal View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-26 98.0020 10.2788 None
2026-08-24 98.9000 9.6385 None
2026-08-21 98.9000 9.6340 None
2026-08-20 98.8050 9.6989 None
2026-08-19 99.0460 9.5294 None
2026-08-18 99.4550 9.2448 None
2026-08-17 99.7500 9.0410 None
2026-08-13 98.6810 9.7737 None
2026-08-12 99.5000 9.2092 None
2026-08-11 99.5000 9.2085 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 2 CRISIL, ICRA 2026-06-28
Rating Actions History 2 2026-08-06
Secondary-Market Trades 10 NSE CM 2026-08-26
Reg52(4) Payment Disclosures 1 NSE 2026-08-01
Documents
Entity metadata
Source
nsdl_master_promoted
Last Updated
16 Jul 2026

Risk warning: This page is for informational purposes only. Bond investments carry credit risk, interest rate risk, and liquidity risk. Credit ratings reflect agency opinion at a point in time. Nothing here constitutes investment advice or a recommendation. Verify all details against the issuer's offer document and the exchange. RetailBonds.in is not a SEBI-registered intermediary. See our full disclaimer.

Frequently Asked Questions
What is the coupon rate on Ecl Finance 8.88% Mar 2028 NCD?

Ecl Finance 8.88% Mar 2028 NCD carries a coupon of 8.88%, paid monthly, on a face value of ₹1,000.

When does Ecl Finance 8.88% Mar 2028 NCD mature?

Ecl Finance 8.88% Mar 2028 NCD matures on 2028-03-22, 1.6 years from today.

What is Ecl Finance 8.88% Mar 2028 NCD rated?

Ecl Finance 8.88% Mar 2028 NCD is rated AA by CRISIL and AAA by ICRA. As of 2026-06-28.

Is Ecl Finance 8.88% Mar 2028 NCD secured?

Ecl Finance 8.88% Mar 2028 NCD is a secured bond.

Can Ecl Finance 8.88% Mar 2028 NCD be called or put back early?

Ecl Finance 8.88% Mar 2028 NCD has both a call option, letting the issuer redeem it early, and a put option, letting holders require early repurchase, on scheduled dates.

What yield does Ecl Finance 8.88% Mar 2028 NCD currently offer?

The last recorded trade on 2026-08-26 priced Ecl Finance 8.88% Mar 2028 NCD at ₹98.00, implying a yield to maturity of 10.28%.

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