10.50% Jm Financial Credit Solutions Limited - AA Rated (INE651J07754)

Jm Financial Credit Solutions Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE651J07754, with a face value of ₹10,00,000 rs on 23Aug19 to raise 20 crores. The debt instrument is issued with a coupon rate of 10.50% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Secured Debenture is 10.50% SECURED LISTED RATED REDEEMABLE NON COVNERTIBLE DEBENTURES. SERIES TRANCHE AT 2019 (XV) OPTION I. DATE OF MATURITY 23/08/2021. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 03Sep19. ICRA LIMITED has given AA rating to this Debenture on 31Jan22. This issuer is formerly known as FICS CONSULTANCY SERVICES LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.