8.50%JM Financial Credit Solutions Limited 18 Jul 2031
ISIN:
INE651J07838
Taxable
Tax Category
18 Jul, 2031
Maturity Date
(6 Yr 11 Mo 19 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
19 Jul, 2021
Allotment Date
NA
Put Date
18 Jul, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
YOUR EARNING
Your Investment
Final Payout
₹0
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*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
JM Financial Credit Solutions Limited
JM Financial Credit Solutions Limited, a Systemically Important Non-Banking Financial Company, registered with the Reserve Bank of India, is primarily engaged in the business of extending wholesale credit to developers of real estate projects. JM Financial, given its rich experience and diverse offerings across the financial services space, is well-placed to cater to the financing needs of corporate and real-estate clients.
The ratio in FY24 is 9.07x and it was 6.57x in FY23, indicating increased debt levels due to huge dip in the profitability of the issuer.
Debt/EBITDA
The ratio in FY24 is 1.11x and it was 1.92x in FY23, a slight decrease in debt service ability of the issuer due to increase in finance cost and huge dip in profitability.
Interest coverage ratio
Recent News
JM Financial debuts private credit fund to raise ₹600 cr in first close
Apr 11, 2024 | JM Financial Credit Solutions Limited
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STEPS TO BUY THIS BOND
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To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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