ICL Fincorp Limited Aug ’29
ICL Fincorp Limited Aug ’29 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 13.5%.
Data as of 26 Oct 2026
How this yield compares
About this bond
ICL Fincorp Limited Aug ’29 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 13.5%. It pays a coupon of 12% and matures on 5 Aug 2029, a remaining tenure of about 2.8 yr. It is rated BBB-, a moderate credit-safety grade - the lowest investment-grade band. BondScanner lists this bond with a minimum investment of ₹10K.
Its 13.5% yield is among the highest we track, placing it 20th of the 315 Corporate bonds on RightBonds - firmly in the top tier. That is 3.10 percentage points above the Corporate median of 10.40% - a clear yield premium over the typical peer. Against a tenure-matched SBI fixed deposit (6.65%), it pays roughly 6.85 points more - a large gap that only makes sense once you are comfortable with the issuer's credit. Its short 2.8 yr horizon locks the rate for only a few years, limiting reinvestment risk. Paired with its moderate safety (BBB-) rating, that is a higher-yield, higher-risk profile. Compare it against similar bonds on RightBonds before investing.
Investors comparing this bond often also look at Monedo Financial Services (INE0I5X07034) at 16%, Monedo Financial Services (INE0I5X07067) at 15.5% and Orange Retail Finance (INE786X07BN6) at 14.75%.
Bond details
What you keep after tax
Interest on a listed corporate bond is added to your income and taxed at your slab, so the 13.5% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 2.8 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 13.50% | ₹1,42,124 |
| 5% slab | 12.82% | ₹1,39,790 |
| 20% slab | 10.80% | ₹1,32,936 |
| 30% slab | 9.45% | ₹1,28,488 |
At a 12% coupon, ₹1,00,000 of face value pays about ₹12,000 of interest a year. That is over the ₹10,000 Section 193 threshold, so roughly ₹1,200 a year is withheld as TDS - adjustable against your final liability, not an extra tax.
Slab rates only - surcharge and cess are not included, and the figures assume you hold to maturity. Sold on the exchange after 12 months instead, the gain is taxed as long-term capital gains at 12.5%. Not tax advice.
Against a fixed deposit, in rupees
Same ₹1,00,000, same 2.8 years, one in this bond and one in a tenure-matched SBI fixed deposit at 6.65%.
Bond figure compounds the yield annually; the FD compounds quarterly, as a cumulative bank FD does. Both are pre-tax and assume the bond is held to maturity and the issuer pays in full - the BBB- credit risk is the reason for the gap.
When you get paid
Interest lands every month, with about 35 payments still to come before 5 Aug 2029, each at the 12% coupon rate.
Payment months come from the issuer's schedule. Exact dates within the month, and the amount per payment, depend on the face value of the units you buy - check the term sheet on BondScanner before investing.
