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Instrument Details

ISIN: INE601U08291

Face value

₹10,00,000

Coupon rate

7.28%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

425

Instrument Type

Debenture

Returns

Medium

Date of Issue

21 Jan 2022

Maturity Date

20 Jan 2025

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

None

Guarantee Type

Non Convertible

About this Bond

TATA MOTORS FINANCE LIMITED SR E 7.28 NCD 20JN25 FVRS10LAC
Tata Motors Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE601U08291, with a face value of ₹10,00,000 rs on 21Jan22 to raise 425 crores. The debt instrument is issued with a coupon rate of 7.28% 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 7.28% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES TMFL NCD E FY 21-22. MATURITY DATE 20/01/2025. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 25Jan22. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 12Jan22. 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
14 Jun 2024
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Outlook
No Outlook
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Seniority in Repayment
None
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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
21-Jan-22 : Your investment
₹72,80,000
21-Jan-23 : Interest
₹72,80,000
21-Jan-24 : Interest
₹72,80,000
20-Jan-25 : Interest
₹12,18,40,000
20-Jan-25 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹2,18,40,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.28%

Returns

Medium

Bond Rating

AA+

Seniority in Repayment

None

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 INE601U08291 issued by Tata Motors Finance Limited

The instrument name of INE601U08291 ISIN is TATA MOTORS FINANCE LIMITED SR E 7.28 NCD 20JN25 FVRS10LAC.
The interest earned from INE601U08291 bond issued by Tata Motors Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE601U08291 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 7.28%, which determines the periodic interest payments made to bondholders.
The INE601U08291 Debenture is issued by Tata Motors Finance Limited, a Private Sector company.
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