Jm Financial Products Limited

About Jm Financial Products Limited bond with ISIN: INE523H07BN6

In the competitive landscape of fixed income securities, detailed and comprehensive information is vital for both investors and market analysts. This bond, identified by the unique ISIN INE523H07BN6, represents a significant financial instrument. Issued by JM FINANCIAL PRODUCTS LIMITED, it comes with the following description: "91D TBILL LINKED PLUS 315 BPS SPREAD SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE. SERIES I TRANCHE I. DATE OF MATURITY 07/01/2025 ". Although the bond is currently marked as inactive, its structure and historical context provide valuable insights into the world of debentures and non-convertible securities. The issuer, JM FINANCIAL PRODUCTS LIMITED, classified as Non PSU, plays an essential role in the market despite some details such as sector, industry, and issuer nature not being explicitly provided. Key identifiers like the Corporate Identification Number (CIN) U74140MH1984PLC033397 further bolster its credibility. With a coupon rate of 91D TBILL LINKED, this instrument has been meticulously managed with the assistance of KFIN TECHNOLOGIES PRIVATE LIMITED and under the oversight of IDBI Trusteeship Services Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000 with an issue size of 54.236. It was allotted on 10/7/2021 and is scheduled for redemption on 1/7/2025. Categorized under "Structured/Market Linked Debentures (MLDs)" and defined as Secured, the instrument is structured to meet specific investment objectives. Although options such as call or put are not applicable in this instance, the core attributes remain detailed and robust. A critical element in evaluating any fixed income instrument is its credit rating. The bond carries a credit rating of AA as provided by CRISIL RATINGS LIMITED. In the market, ratings typically range from D to AAA, and a rating of AA is generally considered to be on the riskier end of the spectrum. This insight helps potential investors understand that while the ratings spectrum is broad, a lower rating can indicate higher risk, prompting careful consideration before investing. The security measures add another layer of assurance. The asset cover is described as follows: THE SECURED NCDS SHALL BE SECURED BY WAY OF FIRST RANKING PARI PASSU CHARGE ON THE COMPANYS PRESENT AND FUTURE RECEIVABLES, EXCLUDING SUCH PORTION OF THE RECEIVABLES OFFERED OR TO BE OFFERED TO THE BANKS AGAINST THE CREDIT FACILITIES AVAILED OR TO BE AVAILED BY THE COMPANY WHETHER BY WAY OF LOAN OR DEBENTURES OR OTHERWISE, AND FOR THE PURPOSES OF MAINTAINING SECURITY UNDER THE TERMS OF SUCH CREDIT FACILITIES. – a feature that, while requiring further inquiry for complete details, underscores the issuer’s commitment to providing some level of investor protection. Furthermore, the bond is supported by several documents. The bond is supported by a variety of documents including Shelf Prospectus/Information Memorandum/Offer Documents/Tranches/Series, ICRA LIMITED_05-07-2024, ICRA LIMITED_20-10-2023, ICRA LIMITED_20-10-2023, ICRA LIMITED_11-05-2023. These documents serve as a reference for additional details and provide transparency to interested parties. Additionally, there are similar bonds in the market such as the bond with ISIN INE523H07AQ1 having a coupon rate of ZERO COUPON and the bond with ISIN INE523H07BA3 having a coupon rate of 9.48% and the bond with ISIN INE523H07AV1 having a coupon rate of N.A and the bond with ISIN INE523H07BM8 having a coupon rate of 8.5%. Such comparable instruments offer a broader perspective on market positioning and allow investors to perform benchmark analysis. This detailed description is crafted to meet rigorous content standards and to offer exhaustive insights into every facet of the bond’s structure. Investors, analysts, and researchers alike can derive substantial value from this narrative, which underscores both the instrument’s inherent characteristics and its broader market positioning. Such elaborate coverage enhances investor confidence by providing a rich, comprehensive content base. Every element from issuance details to security measures and comparative insights is meticulously presented to facilitate an informed and robust market understanding.