JM Financial Credit Solutions Limited

Started in 1980, JM Financial Credit Solutions Limited is a Systemically Important Non - Deposit taking Non - Banking Financial Company ("NBFC ND - SI") forming part of the JM Financial group. The company is a wholesale finance NBFC and provide integrated financial solutions to real estate developers with a focus on residential project financing such as funding real estate developers at various stages in the life cycle of a real estate project. JMFCSL is coming out with its Tranche II Secured, Rated, Redeemable, Non-Convertible Debenture issue to mobilise Rs. 250 cr. with a green shoe option to retain oversubscription of Rs. 1000 cr. thus making Tranche II size of Rs. 1250 cr. out of shelf limit of Rs. 2000 cr. Earlier in May-June 2018 it came with a NCD issue of Rs. 750 cr. under Tranche I. The company is issuing NCDs having face value of Rs. 1000 each with tenure of 42 months, 60 months and 120 months. Interest payment options available are monthly, annually or cumulative as per the choice of investors. It carried coupon rates ranging from 9.67% to 10.25%. This issue is rated ICRA AA/Stable by ICRA and IND AA/Stable by India Rating. These ratings indicate high degree of safety regarding timely servicing of financial obligations. So investors looking for long term stable income may consider this option as investment.

• 1 JM Financial Ltd