| Public Issue by JM Financial Credit Solutions Limited, “Company” or the “Issuer”) by way of this Tranche I Issue of Secured, Rated, Listed, Redeemable, Non-Convertible Debentures of Face Value Rs. 1,000 each (“Secured NCDs”) with a Base Issue Size of Rs.300 Crs with an option to retain oversubscription upto Rs. 450 Crs aggregating upto Rs. 750 Crs (“tranche i issue”) which is within the shelf limit of Rs. 2000 Crs.
Issue Brief on the basis of Prospectus filed with Stock Exchanges |
| Issuer |
JM Financial Credit Solutions Limited |
| Nature of the instrument |
Secured NCDs |
| Mode of the issue |
Public issue |
| Issue Open Close Date |
Opens on 28 May 2018 and Closes on 20 June 2018 |
| Lead Brokers |
India Infoline Ltd & Others |
| Debenture Trustee |
IDBI Trusteeship Services Limited |
| Depositories |
NSDLand CDSL |
| Registrar tothe Issue / Registrar |
Karvy Computershare Private Limited |
| Issue |
Base Issue Size of Rs.3,000 Million with an option to retain oversubscription upto Rs. 450 Crs aggregating upto Rs. 750 Crs (tranche i issue) which is within the shelf limit of Rs. 2000 Crs. |
| Base Issue |
Rs. 300 Crs |
| Option to retain Oversubscription Amount |
Upto Rs. 450 Crs |
| Details |
| Series |
I |
II |
III |
IV |
V |
VI |
| Frequency of |
Annual |
Cumulative |
Annual |
Monthly |
Annual |
Monthly |
| Interest Payment |
38 |
38 |
60 |
60 |
120 |
120 |
| Tenor |
Months |
Months |
Months |
Months |
Months |
Months |
| Coupon Rate |
9.25% |
NA |
9.50% |
9.11% |
9.75% |
9.34% |
| Effective Yield |
9.26% |
9.24% |
9.49% |
9.49% |
9.74% |
9.74% |
|
| Issue Price (in ) |
1,000 per NCD |
| Face value |
1,000 per NCD |
| Minimum Application size & in multiples of NCD thereafter |
Rs.10,000 (10 NCD) collectively across all the Options and in multiples of Rs. 1,000 (1 NCD) after the minimum application amount across all the Options |
| Credit ratings |
AA/Stable by ICRA and India Ratings |
| Listing |
The NCDs are proposed to be listed on BSE |
| Mode of Allotment and Trading |
In dematerialised form only |
|
http://associates.indiainfoline.com/portals/0/images/mailer/NCD/JMProductNote_24518.pdf
