9.95% Tata Motors Finance Limited - AA Rated (INE601U08077)

Tata Motors Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE601U08077, with a face value of ₹10,00,000 rs on 31May19 to raise 200 crores. The debt instrument is issued with a coupon rate of 9.95% 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 9.95% UNSECURED LISTED SUBORDINATED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES TMFL TIER II B FY 19-20. DATE OF MATURITY  31/05/2029. 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 12Jun19 & on BSE stock exchange on 12Jun19. CARE RATINGS LIMITED has given AA+ rating to this Debenture on 31May19. 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.