Jm Financial Products Ltd Ncd Details

By Author: dariya hussain
Total Articles: 349
Comment this article

JM Financial Products Ltd NCD period from Feb 13 to Mar 9:

The JM Financial items NCD period begins On Feb 13. The NCD offered by JM Financial Products Ltd. the organization fused in 1984. The NCD time frame will end on ninth March. It was a non-banking money related organization.

NCD Details:

Offer period Feb 13 to Mar 9, 2020

Security Name JM Financial Products Ltd

Security Type Secured, Redeemable, Non-Convertible Debentures

NCD Size (Base) Rs 100 cr

NCD Size (Shelf) Rs 2,000 cr

NCD Price Rs 1,000 cr

Face Vale  Rs 1,000 cr

Least Lot Size 10 NCD

Market Lot 1 NCD

Posting At BSE

Credit Rating ICRA AA/Stable, CRISIL AA/  Stable

Tenor 24, 40, 60, 120 months

Series Series I to X

installment Frequency Annual, Cumulative and Monthly

Premise of Allotment First Come First Serve Basis

The organization has wanted to raise a base size of Rs 100 cr with an alternative of holding up to Rs 2,000 crores. The financial specialist needs to contribute at least 10 bonds and in products of 1 NCD bond. ...
... The Face estimation of the plan is Rs 1000 for each NCD bond.

It offers distinctive loan costs and residencies of two years, 40 months, 60 months, and 120 months. The NCD is accessible in 10 arrangement. It is recorded on the National Stock Exchange. Interest payables are accessible month to month, Annually, and on Cumulative.

JM Financial Products Ltd Coupon rates:

Series Frequency Tenor Coupon Rate Maturity Amount

I Annually 24 Months 9.50%  Rs 1,000

II Cumulative 24 Months NA Rs 1,199.02

III Annually 40 Months 9.70% Rs 1,000

IV Cumulative 40 Months NA Rs 1,361.28

V Monthly 40 Months 9.29% Rs 1,000

VI Annually 60 Months 9.90% Rs 1,000

VII Cumulative 60 Months NA Rs 1,603.20

VIII Monthly 120 Months 9.48% Rs 1,000

IX Annually 120 Months 10.00% Rs 1,000

X Monthly 120 Months 9.57% Rs 1,000

The ICRA Rating Agency evaluated as AA-/Stable and CRISIL appraised as AA-/Stable. It will be recorded on the National Stock Exchange (NSE).

Disclaimer: This article gives data about the plan. It doesn't offer any guidance or suggestion. If it's not too much trouble counsel your money related consultant before contributing.