Gold loan financier ICL Fincorp on Wednesday said it plans to raise Rs 100 crore through public issue of secured, redeemable, Non-Convertible Debentures for its business growth. The NCD will open on April 25, 2025, and close on May 9, ICL Fincorp said in a statement.
This is the fifth series of NCD public issue from ICL Fincorp - the instruments are listed with BSE, it said.
With a Crisil BBB-stable rating, the NCD offering gives investors returns, with effective yields of up to 13.01%.
Funds raised through the public offer of NCDs will be utilised for the purpose of onward lending, financing and repayment/prepayment of principal and interest on existing borrowings of the company as well as general corporate purposes, it said.
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