8.65% Tata Motors Finance Limited (INE601U07186)

Tata Motors Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE601U07186, with a face value of ₹10,00,000 rs on 12Jun20 to raise 1000 crores. The debt instrument is issued with a coupon rate of 8.65% 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 8.65% SECURED, RATED LISTED REDEEMABLE, NON CONVERTIBLE DEBENTURES. TMFL NCD C FY 2020-21. DATE OF MATURITY 27/03/2023. 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 23Jun20. CARE RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 12Jun20. 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.