Instrument Details

ISIN: INE245A08117

Face value

₹10,00,000

Coupon rate

7.99%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

1500

Instrument Type

Debenture

Returns

Medium

Date of Issue

16 Nov 2017

Maturity Date

16 Nov 2022

Perpetual

Yes

Listing Status

Listed

Rating status

AA (INDIA 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

THE TATA POWER COMPANY LIMITED SR-III 7.99 NCD 16NV22 FVRS10LAC
The Tata Power Company Limited, a Electric Utilities company, has floated Debenture, having ISIN value as INE245A08117, with a face value of ₹10,00,000 rs on 16Nov17 to raise 1500 crores. The debt instrument is issued with a coupon rate of 7.99% 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 7.99% UNSECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES III. DATE OF MATURITY 16/11/2022. 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 22Nov17. INDIA RATING AND RESEARCH PVT. LTD has given AA rating to this Debenture on 10Nov17. 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
check
Date Verified
17 Feb 2022
check
Outlook
Stable
logo
Seniority in Repayment
None
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
16-Nov-17 : Your investment
₹79,90,000
16-Nov-18 : Interest
₹79,90,000
16-Nov-19 : Interest
₹79,90,000
16-Nov-20 : Interest
₹79,90,000
16-Nov-21 : Interest
₹79,90,000
16-Nov-22 : Interest
₹13,99,50,000
16-Nov-22 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹3,99,50,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.99%

Returns

Medium

Bond Rating

AA

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Electric Utilities
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Power
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE245A08117 issued by The Tata Power Company Limited

The instrument name of INE245A08117 ISIN is THE TATA POWER COMPANY LIMITED SR-III 7.99 NCD 16NV22 FVRS10LAC.
The interest earned from INE245A08117 bond issued by The Tata Power Company Limited is paid Annually, ensuring regular and consistent income for investors.
This INE245A08117 bond issued by The Tata Power Company Limited has been assigned a credit rating of AA by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 7.99%, which determines the periodic interest payments made to bondholders.
The INE245A08117 Debenture is issued by The Tata Power Company Limited, a Private Sector company.