7.91% Jm Financial Products Limited - AA Rated (INE523H07BP1)

Jm Financial Products Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE523H07BP1, with a face value of ₹1,000 rs on 07Oct21 to raise 61.83 crores. The debt instrument is issued with a coupon rate of 7.91% 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 7.91% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE. SERIES III TRANCHE I. DATE OF MATURITY 07/10/2026. 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.