Jm Financial Credit Solutions Limited - AA Rated (INE651J07739)

Jm Financial Credit Solutions Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE651J07739, with a face value of ₹10,00,000 rs on 24Jul19 to raise 597 crores. The debt instrument is issued with a coupon rate of RESET RATE SBI MCLR PLUS SPREAD 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 SBI 1 YEAR MCLR LINKED SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES TRANCHE AS-2019 (XIV). DATE OF MATURITY 23/07/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Quantity option. The Debenture is listed on BSE stock exchange on 31Jul19. INDIA RATING AND RESEARCH PVT. LTD has given AA rating to this Debenture on 10Jun19. 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.