8.50% Tata Motors Finance Limited (INE601U07160)

Tata Motors Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE601U07160, with a face value of ₹10,00,000 rs on 15May20 to raise 500 crores. The debt instrument is issued with a coupon rate of 8.50% 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 Secured Debenture is 8.50% SECURED SENIOR RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES TMFL NCD A FY 2020-21. MATURITY DATE 15/05/2023. 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 27May20. CARE RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 15May20. This issuer is formerly known as SHEBA PROPERTIES LIMITED, SHEBA PROPERTIES PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.