Instrument Details

ISIN: INE265J07399

Face value

₹2,00,000

Coupon rate

Variable Coupon

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

75

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

27 Nov 2020

Maturity Date

25 Nov 2022

Perpetual

Yes

Listing Status

Listed

Rating status

PP-MLD AA- (ICRA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Subordinate Tier 1

Guarantee Type

Non Convertible

About this Bond

JM FINANCIAL ASSET RECONSTRUCTION COMPANY LIMITED TR XXXI BR NCD 25NV22 FVRS2LAC
Jm Financial Asset Reconstruction Company Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE265J07399, with a face value of ₹2,00,000 rs on 27Nov20 to raise 75 crores. The debt instrument is issued with a coupon rate of 10-YEAR GOVERNMENT SECURITY PRICE LINKED and its interest is paid on Maturity. 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 YEAR GOVERMENT SECURITY PRICE LINKED SECURED LISTED RATED REDEEMABLE PRINCIPAL PROTECTED NON CONVERTIBLE DEBENTURES. TRANCHE XXXI. DATE OF MATURITY 25/11/2022. 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 04Dec20 & on NSE stock exchange on 04Dec20. ICRA LIMITED has given PP-MLD AA- rating to this Debenture on 28Sep20. This issuer is formerly known as JM FINANCIAL ASSET RECONSTRUCTION CO PVT LTD Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AA
High Safety
PP-MLD AA-
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Date Verified
04 Dec 2020
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Outlook
Stable
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Seniority in Repayment
Subordinate Tier 1
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

Variable Coupon

Returns

Linked to Markets

Bond Rating

PP-MLD AA-

Seniority in Repayment

Subordinate Tier 1

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE265J07399 issued by Jm Financial Asset Reconstruction Company Limited

The instrument name of INE265J07399 ISIN is JM FINANCIAL ASSET RECONSTRUCTION COMPANY LIMITED TR XXXI BR NCD 25NV22 FVRS2LAC.
The interest earned from the INE265J07399 bond issued by Jm Financial Asset Reconstruction Company Limited is paid at the time of maturity
This INE265J07399 bond issued by Jm Financial Asset Reconstruction Company Limited has been assigned a credit rating of PP-MLD AA- by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE265J07399 bond issued by Jm Financial Asset Reconstruction Company Limited is 10-YEAR GOVERNMENT SECURITY PRICE LINKED.
The INE265J07399 Debenture is issued by Jm Financial Asset Reconstruction Company Limited, a Private Sector company.