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Instrument Details

ISIN: INE601U07186

Face value

₹10,00,000

Coupon rate

8.65%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

1000

Instrument Type

Debenture

Returns

High

Date of Issue

12 Jun 2020

Maturity Date

27 Mar 2023

Perpetual

Yes

Listing Status

Listed

Rating status

WITHDRAWN (CARE Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

TATA MOTORS FINANCE LIMITED SR C FY 20-21 8.65 NCD 27MR23 FVRS10LAC
Tata Motors Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE601U07186, with a face value of ₹10,00,000 rs on 12Jun20 to raise 1000 crores. The debt instrument is issued with a coupon rate of 8.65% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Secured Debenture is 8.65% SECURED, RATED LISTED REDEEMABLE, NON CONVERTIBLE DEBENTURES. TMFL NCD C FY 2020-21. DATE OF MATURITY 27/03/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 23Jun20. CARE RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 12Jun20. This issuer is formerly known as SHEBA PROPERTIES LIMITED, SHEBA PROPERTIES PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
N/A
Not Rated
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Date Verified
N/A
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Outlook
N/A
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Seniority in Repayment
Senior
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Security
Secured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
12-Jun-20 : Your investment
₹86,50,000
12-Jun-21 : Interest
₹86,50,000
12-Jun-22 : Interest
₹68,25,205
27-Mar-23 : Interest
₹12,41,25,205
27-Mar-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹2,41,25,205)

Summary

Instrument Attributes

Value

Coupon Rate

8.65%

Returns

High

Bond Rating

WITHDRAWN

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE601U07186 issued by Tata Motors Finance Limited

The instrument name of INE601U07186 ISIN is TATA MOTORS FINANCE LIMITED SR C FY 20-21 8.65 NCD 27MR23 FVRS10LAC.
The interest earned from INE601U07186 bond issued by Tata Motors Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE601U07186 bond issued by Tata Motors Finance Limited has been assigned a credit rating of WITHDRAWN by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 8.65%, which determines the periodic interest payments made to bondholders.
The INE601U07186 Debenture is issued by Tata Motors Finance Limited, a Private Sector company.
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