Instrument Details

ISIN: INE523H07BN6

Face value

₹1,000

Coupon rate

91D TBILL LINKED

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

54.236

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

07 Oct 2021

Maturity Date

01 Jul 2025

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 SR I TR I BR NCD 07JN25 FVRS1000
Jm Financial Products Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE523H07BN6, with a face value of ₹1,000 rs on 07Oct21 to raise 54.236 crores. The debt instrument is issued with a coupon rate of 91D TBILL LINKED 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 91D TBILL LINKED PLUS 315 BPS SPREAD SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE. SERIES I TRANCHE I. DATE OF MATURITY 07/01/2025. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 11Oct21. CRISIL RATINGS LIMITED has given AA rating to this Debenture on 31Aug21. 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

Summary

Instrument Attributes

Value

Coupon Rate

91D TBILL LINKED

Returns

Linked to Markets

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 INE523H07BN6 issued by Jm Financial Products Limited

The instrument name of INE523H07BN6 ISIN is JM FINANCIAL PRODUCTS LIMITED SR I TR I BR NCD 07JN25 FVRS1000.
The interest earned from INE523H07BN6 bond issued by Jm Financial Products Limited is paid Annually, ensuring regular and consistent income for investors.
This INE523H07BN6 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.
The coupon rate of INE523H07BN6 bond issued by Jm Financial Products Limited is 91D TBILL LINKED.
The INE523H07BN6 Debenture is issued by Jm Financial Products Limited, a Private Sector company.