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Instrument Details

ISIN: INE523H07BL0

Face value

₹10,00,000

Coupon rate

10 YEAR G-SEC LINKED

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

125

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

12 Jul 2021

Maturity Date

10 Dec 2023

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 PRODUCTS LIMITED TR CO BR NCD 12OT23 FVRS10LAC
Jm Financial Products Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE523H07BL0, with a face value of ₹10,00,000 rs on 12Jul21 to raise 125 crores. The debt instrument is issued with a coupon rate of 10 YEAR G-SEC 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 G-SEC LINKED SECURED RATED LISTED REDEEMABLE PRINCIPAL MARKET LINKED NON-CONVERTIBLE DEBENTURES. TRANCHE CO.DATE OF MATURITY 12/10/2023. 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 16Jul21. ICRA LIMITED has given PP-MLD AA rating to this Debenture on 10May24. This issuer is formerly known as JM FINANCIAL PRODUCTS PRIVATE 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
13 May 2024
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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

10 YEAR G-SEC LINKED

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
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Rating

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Rated ★ 4.3+ on

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FAQs about INE523H07BL0 issued by Jm Financial Products Limited

The instrument name of INE523H07BL0 ISIN is JM FINANCIAL PRODUCTS LIMITED TR CO BR NCD 12OT23 FVRS10LAC.
The interest earned from the INE523H07BL0 bond issued by Jm Financial Products Limited is paid at the time of maturity
This INE523H07BL0 bond issued by Jm Financial Products 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 INE523H07BL0 bond issued by Jm Financial Products Limited is 10 YEAR G-SEC LINKED.
The INE523H07BL0 Debenture is issued by Jm Financial Products Limited, a Private Sector company.
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