Security Name: 8.50% JM Financial Credit Solutions Limited 18 Jul 2031
ISIN:
INE651J07838
Taxable
Tax Category
18 Jul, 2031
Maturity Date
(6 Yr 6 Mo 23 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
8.5%
Coupon
Fixed Interest
Coupon Basis
NaN%
Current Yield
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*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
CCI Clears JM Financials’s 43% stake buy in JM Fin Credit Solution
Oct 24, 2024 | JM Financial Credit Solutions Limited
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STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
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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BOND VALUE DETAILS
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Total Investment
| Cashflow for INE651J07838 |
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| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
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| Security Name |
|---|
| 8.50% JM Financial Credit Solutions Limited 18 Jul 2031 |
| Credit Rating |
|---|
| AA Stable by ICRA AA Stable by IND |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹10,00,000 |
| Coupon |
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| 8.500000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
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| 18/07/2031 |
| Security |
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| Senior Secured |
| No. of Bonds |
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| 1 |
| Settlement Date |
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| Principal Amount |
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| ₹NaN |
| Accrued Interest |
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| ₹NaN |
| Stamp Duty |
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| ₹0 |
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Quote Not Available for purchase
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
