Instrument Details

ISIN: INE306N08383

Face value

₹10,00,000

Coupon rate

7.60%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

300

Instrument Type

Debenture

Returns

Medium

Date of Issue

17 Sep 2020

Maturity Date

17 Sep 2030

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (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 CAPITAL FINANCIAL SERVICES LIMITED SR A FY 2020-21 7.60 NCD 17SP30 FVRS10LAC
Tata Capital Financial Services Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE306N08383, with a face value of ₹10,00,000 rs on 17Sep20 to raise 300 crores. The debt instrument is issued with a coupon rate of 7.60% 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 7.60% UNSECURED RATED LISTED SUBORDINATED REDEEMABLE NON CONVERTIBLE DEBENTURES AS TIER-II CAPITAL. TCFSL TIER-II BOND A SERIES FY 2020-21. DATE OF MATURITY: 17/09/2030. 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 25Sep20. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 07Sep20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AAA
Highest Safety
AAA
check
Date Verified
28 Feb 2022
check
Outlook
Stable
logo
Seniority in Repayment
Subordinate Tier 2
logo
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
17-Sep-20 : Your investment
₹76,00,000
17-Sep-21 : Interest
₹76,00,000
17-Sep-22 : Interest
₹76,00,000
17-Sep-23 : Interest
₹76,00,000
17-Sep-24 : Interest
₹76,00,000
17-Sep-25 : Interest
₹76,00,000
17-Sep-26 : Interest
₹76,00,000
17-Sep-27 : Interest
₹76,00,000
17-Sep-28 : Interest
₹76,00,000
17-Sep-29 : Interest
₹76,00,000
17-Sep-30 : Interest
₹17,60,00,000
17-Sep-30 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹7,60,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.60%

Returns

Medium

Bond Rating

AAA

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 INE306N08383 issued by Tata Capital Financial Services Limited

The instrument name of INE306N08383 ISIN is TATA CAPITAL FINANCIAL SERVICES LIMITED SR A FY 2020-21 7.60 NCD 17SP30 FVRS10LAC.
The interest earned from INE306N08383 bond issued by Tata Capital Financial Services Limited is paid Annually, ensuring regular and consistent income for investors.
This INE306N08383 bond issued by Tata Capital Financial Services Limited has been assigned a credit rating of AAA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 7.6%, which determines the periodic interest payments made to bondholders.
The INE306N08383 Debenture is issued by Tata Capital Financial Services Limited, a Private Sector company.