8.50% Jm Financial Credit Solutions Limited - AA Rated (INE651J07838)

Jm Financial Credit Solutions Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE651J07838, with a face value of ₹10,00,000 rs on 19Jul21 to raise 260 crores. The debt instrument is issued with a coupon rate of 8.50% 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 8.50% SECURED LISTED RATED SENIOR REDEEMABLE NON COVNERTIBLE DEBENTURES. SERIES TRANCHE BG 2021 (XXVIII).DATE OF MATURITY 18/07/2031. 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 26Nov21. INDIA RATING AND RESEARCH PVT. LTD has given AA rating to this Debenture on 07Jun21. 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.