8.50% Jm Financial Products Limited - AA Rated (INE523H07BM8)

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.