Instrument Description (Long): |
10.50% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. TRANCHE I – SERIES VI. DATE OF MATURITY 21/05/2024
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Instrument Description(short): |
JM FINANCIAL PRODUCTS LIMITED SR VI TR I 10.50 NCD 21MY24 FVRS1000 |
ISIN: |
INE523H07AL2 |
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Type of Instrument: |
Debentures |
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Face Value (per instrument):: |
1000 |
Whether Secured or Unsecured: |
Secured |
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Coupon Basis: |
Fixed Interest |
Whether Guaranteed or Partially Guaranteed: |
Not guaranteed |
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Coupon Rate: |
10.50% |
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Details of Variable Coupon Rate: |
N.A. |
Seniority in Repayment: |
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Day Count Convention: |
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Whether tax free: |
No |
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Mode of Issue: |
Private Placement |
If Tax free - Section of The Income Tax Act,1961: |
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Issue price (per instrument): |
1000 |
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Issue Size (in Crores): |
100.104 |
Series (if any): |
SERIES VI TRANCHE I |
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Total Allotment Quantity: |
1001042 |
Whether bonds/debentures fall under Infrastructure category as per Government notification: |
No |
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Date of Allotment: |
21-May-2019 |
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Tenure of the instrument at the time of Issuance: |
Year
:
5
Months
:
0
Days
:
0
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Frequency of Interest Payment with specified dates: |
ANNUALLY STARTING FROM 21-MAY-20 AND SO ON |
Scheduled Opening Date: |
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Put Option with specified dates: |
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Scheduled Closing Date: |
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Call Option with specified dates: |
AS PER TERMS MENTIONED IN TRANCHE I PROSPECTUS - 36 MONTHS |
Actual Closing Date: |
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Redemption Date/Last Conversion Date: |
13-Jun-2022 |
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Defaulted in Redemption: |
Not Applicable |
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If guaranteed, provide complete details regarding the Guarantee: |
N.A. |
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Redemption Premium Details: |
N.A. |
Step up / Step down coupon basis: |
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Step up / Step down details: |
N.A. |
Indicate whether Put option will be exercised at Discount/Premium/Par: |
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Put option details: |
N.A. |
Indicate whether Call option will be exercised at Discount/Premium/Par: |
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Call option details: |
AS PER TERMS MENTIONED IN TRANCHE I PROSPECTUS - 36 MONTHS |
Whether Debentures/Bonds are perpetual in nature: |
No |
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Indicate whether the instrument is rated: |
Yes |
Type of Convertibility - A: |
Non Convertible |
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Convertibility details: |
N.A. |
Type of Convertibility - B: |
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Coupon Type: |
Simple |
Compounding Frequency Details: |
N.A. |
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If secured, provide complete details regarding the assets secured/ Hypothecated/Mortgaged etc.: |
SHALL BE SECURED BY WAY OF FIRST RANKING PARI PASSU CHARGE ON THE COMPANY IDENTIFIED IMMOVABLE PROPERTY AND FIRST RANKING PARI PASSU FLOATING CHARGE. CONTACT ISSUER FOR MORE DETAILS |