Instrument Details

ISIN: INE729N08063

Face value

₹1,00,00,000

Coupon rate

8.85%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

350

Instrument Type

Debenture

Returns

High

Date of Issue

10 Dec 2021

Maturity Date

06 Nov 2026

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

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

TVS CREDIT SERVICES LIMITED 8.85 LOA 11JU27 FVRS1CR
Tvs Credit Services Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE729N08063, with a face value of ₹1,00,00,000 rs on 10Dec21 to raise 350 crores. The debt instrument is issued with a coupon rate of 8.85% 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 8.85% UNSECURED RATED LISTED SUBORDINATED TIRE II REDEEMABLE TAXABLE NON CONVERTIBLE DEBENTURES .LETTER OF ALLOTMENT. DATE OF MATURITY 11/06/2027. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 13Dec21. CRISIL RATINGS LIMITED has given AA rating to this Debenture on 23Nov21. This issuer is formerly known as TVS MOTOR CREDIT 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
31 May 2022
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Outlook
Stable
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Seniority in Repayment
Subordinate Tier 2
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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
₹1,00,00,000
Lot Size
100
Minimum Investment
₹1,00,00,00,000

Cashflow

₹1,00,00,00,000
10-Dec-21 : Your investment
₹8,85,00,000
10-Dec-22 : Interest
₹8,85,00,000
10-Dec-23 : Interest
₹8,85,00,000
10-Dec-24 : Interest
₹8,85,00,000
10-Dec-25 : Interest
₹8,04,98,630
06-Nov-26 : Interest
₹1,43,44,98,630
06-Nov-26 : Maturity amount (Investment: ₹1,00,00,00,000, Interest earned: ₹43,44,98,630)

Summary

Instrument Attributes

Value

Coupon Rate

8.85%

Returns

High

Bond Rating

AA

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
Chennai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE729N08063 issued by Tvs Credit Services Limited

The instrument name of INE729N08063 ISIN is TVS CREDIT SERVICES LIMITED 8.85 LOA 11JU27 FVRS1CR.
The interest earned from INE729N08063 bond issued by Tvs Credit Services Limited is paid Annually, ensuring regular and consistent income for investors.
This INE729N08063 bond issued by Tvs Credit Services Limited has been assigned a credit rating of AA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 8.85%, which determines the periodic interest payments made to bondholders.
The INE729N08063 Debenture is issued by Tvs Credit Services Limited, a Private Sector company.