11.50% Tata Motors Finance Limited - A Rated (INE601U08101)

Tata Motors Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE601U08101, with a face value of ₹10,00,000 rs on 21Nov19 to raise 40 crores. The debt instrument is issued with a coupon rate of 11.50% 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 Unsecured Debenture is 11.50% UNSECURED LISTED SUBORDINATED RATED PERPETUAL NON CONVERTIBLE DEBENTURE COMPRISING OF TIER I AND II CAPITAL. TMFL PERPETUAL SERIES C FY 19-20. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 29Nov19 & on NSE stock exchange on 29Nov19. ICRA LIMITED has given A+ rating to this Debenture on 14Jul23. 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.