9% Tata Motors Finance Limited - AA Rated (INE601U08028)

Tata Motors Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE601U08028, with a face value of ₹10,00,000 rs on 28Mar18 to raise 200 crores. The debt instrument is issued with a coupon rate of 9% 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% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES IN THE NATURE OF TIER II CAPITAL. SERIES TMFL TIER II B FY 17-18. DATE OF MATURITY 28/03/2028. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given AA+ rating to this Debenture on 28Mar18. 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.