Instrument Details

ISIN: INE295J08022

Face value

₹10,00,000

Coupon rate

9.90%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

1000

Instrument Type

Debenture

Returns

High

Date of Issue

27 Aug 2018

Maturity Date

27 Aug 2028

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 CGPLAU02 9.9 NCD 27AG28 FVRS10LAC
The Tata Power Company Limited, a Electric Utilities company, has floated Debenture, having ISIN value as INE295J08022, with a face value of ₹10,00,000 rs on 27Aug18 to raise 1000 crores. The debt instrument is issued with a coupon rate of 9.90% 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 9.90% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES CGPLAU02. DATE OF MATURITY 27/08/2028. 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 10Sep18. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 27May22. 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
25 Jan 2024
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Outlook
Stable
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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
27-Aug-18 : Your investment
₹99,00,000
27-Aug-19 : Interest
₹99,00,000
27-Aug-20 : Interest
₹99,00,000
27-Aug-21 : Interest
₹99,00,000
27-Aug-22 : Interest
₹99,00,000
27-Aug-23 : Interest
₹99,00,000
27-Aug-24 : Interest
₹99,00,000
27-Aug-25 : Interest
₹99,00,000
27-Aug-26 : Interest
₹99,00,000
27-Aug-27 : Interest
₹99,00,000
27-Aug-28 : Interest
₹19,90,00,000
27-Aug-28 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹9,90,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

9.90%

Returns

High

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 INE295J08022 issued by The Tata Power Company Limited

The instrument name of INE295J08022 ISIN is THE TATA POWER COMPANY LIMITED SR CGPLAU02 9.9 NCD 27AG28 FVRS10LAC.
The interest earned from INE295J08022 bond issued by The Tata Power Company Limited is paid Annually, ensuring regular and consistent income for investors.
This INE295J08022 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 9.9%, which determines the periodic interest payments made to bondholders.
The INE295J08022 Debenture is issued by The Tata Power Company Limited, a Private Sector company.