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Instrument Details

ISIN: INE909H08196

Face value

₹10,00,000

Coupon rate

10.60%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

25

Instrument Type

Debenture

Returns

High

Date of Issue

12 Sep 2014

Maturity Date

09 Dec 2024

Perpetual

Yes

Listing Status

Listed

Rating status

AA (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

TATA MOTORS FINANCE LIMITED SR-A 10.6 NCD 12SP24 FVRS10LAC
Tata Motors Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE909H08196, with a face value of ₹10,00,000 rs on 12Sep14 to raise 25 crores. The debt instrument is issued with a coupon rate of 10.60% 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 10.60% UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES IN THE NATURE OF TIER II CAPITAL SERIES NAME TMFL TIER II BONDS A FY 14-15 . DATE OF MATURITY 12/09/2024. 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 19May17 & on NSE stock exchange on 29Sep14. CRISIL RATINGS LIMITED has given AA rating to this Debenture on 01Sep14. 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
AA
High Safety
AA
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Date Verified
02 Feb 2024
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Outlook
Positive
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Seniority in Repayment
Subordinate Tier 2
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Security
Unsecured
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-Sep-14 : Your investment
₹1,06,00,000
12-Sep-15 : Interest
₹1,06,00,000
12-Sep-16 : Interest
₹1,06,00,000
12-Sep-17 : Interest
₹1,06,00,000
12-Sep-18 : Interest
₹1,06,00,000
12-Sep-19 : Interest
₹1,06,00,000
12-Sep-20 : Interest
₹1,06,00,000
12-Sep-21 : Interest
₹1,06,00,000
12-Sep-22 : Interest
₹1,06,00,000
12-Sep-23 : Interest
₹1,06,00,000
12-Sep-24 : Interest
₹20,60,00,000
09-Dec-24 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹10,60,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

10.60%

Returns

High

Bond Rating

AA

Seniority in Repayment

Subordinate Tier 2

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 INE909H08196 issued by Tata Motors Finance Limited

The instrument name of INE909H08196 ISIN is TATA MOTORS FINANCE LIMITED SR-A 10.6 NCD 12SP24 FVRS10LAC.
The interest earned from INE909H08196 bond issued by Tata Motors Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE909H08196 bond issued by Tata Motors Finance Limited has been assigned a credit rating of AA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 10.6%, which determines the periodic interest payments made to bondholders.
The INE909H08196 Debenture is issued by Tata Motors Finance Limited, a Private Sector company.
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