Instrument Details

ISIN: INE523H07BM8

Face value

₹10,00,000

Coupon rate

8.50%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

305

Instrument Type

Debenture

Returns

High

Date of Issue

16 Jul 2021

Maturity Date

16 Jul 2031

Perpetual

Yes

Listing Status

Listed

Rating status

AA (CRISIL 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 PRODUCTS LIMITED TR CP 8.50 NCD 16JL31 FVRS10LAC
Jm Financial Products Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE523H07BM8, with a face value of ₹10,00,000 rs on 16Jul21 to raise 305 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 RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES. TRANCHE CP.DATE OF MATURITY 16/07/2031. 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 20Dec21. CRISIL RATINGS LIMITED has given AA rating to this Debenture on 09Jul21. 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
AA
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Date Verified
28 Feb 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
16-Jul-21 : Your investment
₹85,00,000
16-Jul-22 : Interest
₹85,00,000
16-Jul-23 : Interest
₹85,00,000
16-Jul-24 : Interest
₹85,00,000
16-Jul-25 : Interest
₹85,00,000
16-Jul-26 : Interest
₹85,00,000
16-Jul-27 : Interest
₹85,00,000
16-Jul-28 : Interest
₹85,00,000
16-Jul-29 : Interest
₹85,00,000
16-Jul-30 : Interest
₹85,00,000
16-Jul-31 : Interest
₹18,50,00,000
16-Jul-31 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,50,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.50%

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 INE523H07BM8 issued by Jm Financial Products Limited

The instrument name of INE523H07BM8 ISIN is JM FINANCIAL PRODUCTS LIMITED TR CP 8.50 NCD 16JL31 FVRS10LAC.
The interest earned from INE523H07BM8 bond issued by Jm Financial Products Limited is paid Annually, ensuring regular and consistent income for investors.
This INE523H07BM8 bond issued by Jm Financial Products Limited has been assigned a credit rating of AA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 8.5%, which determines the periodic interest payments made to bondholders.
The INE523H07BM8 Debenture is issued by Jm Financial Products Limited, a Private Sector company.