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Instrument Details

ISIN: INE651J07853

Face value

₹10,00,000

Coupon rate

8.99%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

300

Instrument Type

Debenture

Returns

High

Date of Issue

24 Jan 2022

Maturity Date

23 Jan 2032

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 TR BK 8.99 NCD 23JN32 FVRS10LAC
Jm Financial Credit Solutions Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE651J07853, with a face value of ₹10,00,000 rs on 24Jan22 to raise 300 crores. The debt instrument is issued with a coupon rate of 8.99% and its interest is paid Quarterly. 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 8.99% SECURED LISTED RATED REDEEMABLE NON COVNERTIBLE DEBENTURES.TRANCHE BK.DATE OF MATURITY 23/01/2032. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 25Jan22. 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.

Rating (Debt Quality)

Instrument Rating
AA
High Safety
AA
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Date Verified
17 Sep 2024
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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
24-Jan-22 : Your investment
₹22,47,500
24-Apr-22 : Interest
₹22,47,500
24-Jul-22 : Interest
₹22,47,500
24-Oct-22 : Interest
₹22,47,500
24-Jan-23 : Interest
₹22,47,500
24-Apr-23 : Interest
₹22,47,500
24-Jul-23 : Interest
₹22,47,500
24-Oct-23 : Interest
₹22,47,500
24-Jan-24 : Interest
₹22,47,500
24-Apr-24 : Interest
₹22,47,500
24-Jul-24 : Interest
₹22,47,500
24-Oct-24 : Interest
₹22,47,500
24-Jan-25 : Interest
₹22,47,500
24-Apr-25 : Interest
₹22,47,500
24-Jul-25 : Interest
₹22,47,500
24-Oct-25 : Interest
₹22,47,500
24-Jan-26 : Interest
₹22,47,500
24-Apr-26 : Interest
₹22,47,500
24-Jul-26 : Interest
₹22,47,500
24-Oct-26 : Interest
₹22,47,500
24-Jan-27 : Interest
₹22,47,500
24-Apr-27 : Interest
₹22,47,500
24-Jul-27 : Interest
₹22,47,500
24-Oct-27 : Interest
₹22,47,500
24-Jan-28 : Interest
₹22,47,500
24-Apr-28 : Interest
₹22,47,500
24-Jul-28 : Interest
₹22,47,500
24-Oct-28 : Interest
₹22,47,500
24-Jan-29 : Interest
₹22,47,500
24-Apr-29 : Interest
₹22,47,500
24-Jul-29 : Interest
₹22,47,500
24-Oct-29 : Interest
₹22,47,500
24-Jan-30 : Interest
₹22,47,500
24-Apr-30 : Interest
₹22,47,500
24-Jul-30 : Interest
₹22,47,500
24-Oct-30 : Interest
₹22,47,500
24-Jan-31 : Interest
₹22,47,500
24-Apr-31 : Interest
₹22,47,500
24-Jul-31 : Interest
₹22,47,500
24-Oct-31 : Interest
-₹4,12,041
23-Jan-32 : Interest
-₹4,12,041
23-Jan-32 : Interest
₹18,68,28,416
23-Jan-32 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,68,28,416)

Summary

Instrument Attributes

Value

Coupon Rate

8.99%

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 INE651J07853 issued by Jm Financial Credit Solutions Limited

The instrument name of INE651J07853 ISIN is JM FINANCIAL CREDIT SOLUTIONS LIMITED TR BK 8.99 NCD 23JN32 FVRS10LAC.
The interest earned from INE651J07853 bond issued by Jm Financial Credit Solutions Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE651J07853 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 8.99%, which determines the periodic interest payments made to bondholders.
The INE651J07853 Debenture is issued by Jm Financial Credit Solutions Limited, a Private Sector company.
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