Tata Motors Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE909H08212, with a face value of ₹10,00,000 rs on 19Dec14 to raise 150 crores. The debt instrument is issued with a coupon rate of 9.70% 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 9.70% UNSECURED REDEEMABLE NON CONVERTIBLE SUBORDINATED DEBENTURES IN THE NATURE OF TIER II CAPITAL SERIES NAME TMFL TIER II BONDS C FY 14-15 . DATE OF MATURITY 19/12/2024. 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 30Dec14 & on BSE stock exchange on 19May17. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 20Nov14. 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.