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Security Name: 8.50% JM Financial Credit Solutions Limited 18 Jul 2031

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ISIN:
INE651J07838
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Taxable

Tax Category

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18 Jul, 2031

Maturity Date
(6 Yr 6 Mo 23 D to mature)

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Yearly

Interest Payment Frequency

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Yes

NRI Eligibility

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19 Jul, 2021

Allotment Date

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NA

Put Date

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18 Jul, 2025

Next Interest Payment Date

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15 days

Shut Period

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Both

Active on NSDL/CDSL

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Non-Guaranteed

Type of Guarantee

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No

Perpetual

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Private Placement

Mode of Issue

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Listed

Listing Details

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Non Public Sector Undertaking

Type of Issuer

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Quote Not Available

Dirty Price

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8.5%

Coupon

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Fixed Interest

Coupon Basis

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NaN%

Current Yield

YOUR EARNING
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Your Investment

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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
Credit Rating
Low SafetyHigh Safety
AA Stable
ICRA
AA Stable
IND
Senior

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Secured

Security with Collateral?

An investment secured with collateral helps

ISSUER
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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.

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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.

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Interest coverage ratio

Recent News
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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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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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Character, Capacity, Capital, Collateral, and Claims priority: the quintessential factors.

STEPS TO BUY THIS BOND
Complete KYCe-KYC approval in just 5 minutes!Place your OrderSwipe right to buy this Bond.Transfer funds to ICCLUse Net Banking or visit your nearest branch.SettlementSit back and relax, while we deliver your Security!
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
At MaturityThe Issuer will return your principal and redeem the bond
Sell your bond anytimeYou can sell your bond anytime you want by reaching out to your Relationship Manager.
E-Book
To know more about the Bond and the issuer, download the Information Memorandum.
E-Book
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
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).
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
8.500000%
YTM or YTC
YTM
Maturity Date
18/07/2031
Security
Senior Secured
No. of Bonds
1
Settlement Date
Principal Amount
₹NaN
Accrued Interest
₹NaN
Stamp Duty
₹0
Total Amount Payable
₹NaN
Price
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Yield
%
YearPayment DateAmountPayout Type

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.

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