JM Finance NCD August 2019
Non-Convertible debenture issue opened for membership on Tuesday sixth August. This NCD offered by JM Financial Products. It will be shut on fourth September 2019. The NCD raised about Rs 500 crore issue. The JM Financial Products Ltd NCD offered a greatest yield of 10.40%.
The organization has intended to raise a base size of Rs 100 crore with a choice of holding up to Rs 400 crores. One should contribute at least 10 bonds and in products of 1 NCD bond. The Face estimation of the plan is Rs 1000 for every NCD bond.
It offers distinctive financing costs and residencies of 38 months, 60 months, and 84 months. The NCD is accessible in 5 arrangement. It is recorded on BSE and these are fluid ventures. Intrigue payables are accessible month to month, Annually, and on the Maturity base.
The net continues raised from the NCDs will be used for ahead loaning, financing, and reimbursement of intrigue and head of borrowings of the organization. For general corporate purposes.
JM Financial Products Ltd NCD Coupon Rates
OptionsCategoryTenureInterest PaymentCoupon Rate (Interest ) IndividualsEffective YieldMaturity Value
I Secured 38 Annual 10.20% 10.21% 1,000
II 38 Cumulative NA 10.20% 1,360
III 60 Annual 10.30% 10.29% 1,000
IV 60 Monthly 9.85% 10.30% 1,000
V 84 Cumulative NA 10.40% 2,000
NCD Offered
Qualified Institutional Buyers – 10%
Non-Institutional Investors – 10%
High Net Worth Individuals – 40%
Retail Investors – 40%
Non-Residential Indians are not qualified for this plan.
The NCDs have been appraised as AA/stable by CRISIL and AA by ICRA. JM Financial NCD will be overseen by AK Capital Services, JM Financials and Trust Investment Advisors.
Disclaimer: This post is only data about the plan. It doesn't offer any guidance or proposal. If it's not too much trouble read the offer report cautiously before contributing.
