9.67% Jm Financial Credit Solutions Limited - AA Rated (INE651J07671)

Jm Financial Credit Solutions Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE651J07671, with a face value of ₹1,000 rs on 13Dec18 to raise 42.8709 crores. The debt instrument is issued with a coupon rate of 9.67% and its interest is paid Monthly. 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 9.67% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. TRANCHE II OPTION IV. DATE OF MATURITY 13/12/2023. 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 17Dec18. INDIA RATING AND RESEARCH PVT. LTD has given AA rating to this Debenture on 27Apr18. 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.