Instrument Details

ISIN: INE651J07762

Face value

₹10,00,000

Coupon rate

9.40%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

200

Instrument Type

Debenture

Returns

High

Date of Issue

18 May 2020

Maturity Date

18 May 2023

Perpetual

Yes

Listing Status

Listed

Rating status

AA (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

JM FINANCIAL CREDIT SOLUTIONS LIMITED SR TR AU 2020 XVI 9.40 NCD 18MY23 FVRS10LAC
Jm Financial Credit Solutions Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE651J07762, with a face value of ₹10,00,000 rs on 18May20 to raise 200 crores. The debt instrument is issued with a coupon rate of 9.40% 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 9.40% SECURED LISTED RATED SENIOR REDEEMABLE NON COVNERTIBLE DEBENTURES. SERIES TRANCHE AU 2020 (XVI). DATE OF MATURITY 18/05/2023. 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 04Jun20. INDIA RATING AND RESEARCH PVT. LTD has given AA rating to this Debenture on 10Jun19. 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.

Rating (Debt Quality)

Instrument Rating
AA
High Safety
AA
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Date Verified
07 Jun 2022
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Outlook
Stable
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Seniority in Repayment
None
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Security
Secured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
18-May-20 : Your investment
₹94,00,000
18-May-21 : Interest
₹94,00,000
18-May-22 : Interest
₹94,00,000
18-May-23 : Interest
₹12,82,00,000
18-May-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹2,82,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

9.40%

Returns

High

Bond Rating

AA

Seniority in Repayment

None

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 INE651J07762 issued by Jm Financial Credit Solutions Limited

The instrument name of INE651J07762 ISIN is JM FINANCIAL CREDIT SOLUTIONS LIMITED SR TR AU 2020 XVI 9.40 NCD 18MY23 FVRS10LAC.
The interest earned from INE651J07762 bond issued by Jm Financial Credit Solutions Limited is paid Annually, ensuring regular and consistent income for investors.
This INE651J07762 bond issued by Jm Financial Credit Solutions Limited has been assigned a credit rating of AA by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 9.4%, which determines the periodic interest payments made to bondholders.
The INE651J07762 Debenture is issued by Jm Financial Credit Solutions Limited, a Private Sector company.