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Instrument Details

ISIN: INE909H08162

Face value

₹10,00,000

Coupon rate

RESET RATE (REFER REMARK)

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

22.3

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

23 May 2013

Maturity Date

31 Dec 9999

Perpetual

Yes

Listing Status

Listed

Rating status

A+ (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Perpetual

Guarantee Type

Non Convertible

About this Bond

TATA MOTORS FINANCE LIMITED RR NCD PERPETUAL FVRS10LAC
Tata Motors Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE909H08162, with a face value of ₹10,00,000 rs on 23May13 to raise 22.3 crores. The debt instrument is issued with a coupon rate of RESET RATE (REFER REMARK) 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 RESET RATE UNSECURED, SUBORDINATED, NON CONVERTIBLE PERPETUAL DEBENTURE - SERIES - TMFL PERPETUAL 'B' FY 13-14. 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 07Jun13 & on BSE stock exchange on 19May17. CRISIL RATINGS LIMITED has given A+ rating to this Debenture on 04Apr13. 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
A
Adequate Safety
A+
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Date Verified
22 May 2023
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Outlook
Stable
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Seniority in Repayment
Perpetual
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Security
Unsecured

Summary

Instrument Attributes

Value

Coupon Rate

RESET RATE (REFER REMARK)

Returns

Linked to Markets

Bond Rating

A+

Seniority in Repayment

Perpetual

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 INE909H08162 issued by Tata Motors Finance Limited

The instrument name of INE909H08162 ISIN is TATA MOTORS FINANCE LIMITED RR NCD PERPETUAL FVRS10LAC.
The interest earned from INE909H08162 bond issued by Tata Motors Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE909H08162 bond issued by Tata Motors Finance Limited has been assigned a credit rating of A+ by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE909H08162 bond issued by Tata Motors Finance Limited is RESET RATE (REFER REMARK).
The INE909H08162 Debenture is issued by Tata Motors Finance Limited, a Private Sector company.
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