Instrument Details

ISIN: INE477S08092

Face value

₹10,00,000

Coupon rate

3 MONTH TBILL LINK

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

195

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

20 May 2021

Maturity Date

20 May 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

None

Guarantee Type

Non Convertible

About this Bond

TATA MOTORS FINANCE SOLUTIONS LIMITED SR A BR NCD 20MY24 FVRS10LAC
Tata Motors Finance Solutions Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE477S08092, with a face value of ₹10,00,000 rs on 20May21 to raise 195 crores. The debt instrument is issued with a coupon rate of 3 MONTH TBILL LINK 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 3MTBILL LINKED UNSECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. TMFSL NCD A FY 21-22. DATE OF MATURITY 20/05/2024. 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 24May21. CRISIL RATINGS LIMITED has given AA rating to this Debenture on 23Apr21. This issuer is formerly known as TATA MOTORS FINANCE SOLUTIONS PRIVATE LIMITED, RAJASTHAN LEASING 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
22 May 2023
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Outlook
Stable
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Seniority in Repayment
None
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Security
Unsecured

Summary

Instrument Attributes

Value

Coupon Rate

3 MONTH TBILL LINK

Returns

Linked to Markets

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 INE477S08092 issued by Tata Motors Finance Solutions Limited

The instrument name of INE477S08092 ISIN is TATA MOTORS FINANCE SOLUTIONS LIMITED SR A BR NCD 20MY24 FVRS10LAC.
The interest earned from INE477S08092 bond issued by Tata Motors Finance Solutions Limited is paid Annually, ensuring regular and consistent income for investors.
This INE477S08092 bond issued by Tata Motors Finance Solutions Limited has been assigned a credit rating of AA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE477S08092 bond issued by Tata Motors Finance Solutions Limited is 3 MONTH TBILL LINK.
The INE477S08092 Debenture is issued by Tata Motors Finance Solutions Limited, a Private Sector company.