7% Tata Motors Finance Limited - AA Rated (INE601U08200)

Tata Motors Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE601U08200, with a face value of ₹10,00,000 rs on 20Apr21 to raise 400 crores. The debt instrument is issued with a coupon rate of 7% 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 7% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES TMFL NCD A FY 21-22. MATURITY DATE 27/02/2023. 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 22Apr21. CRISIL RATINGS LIMITED has given AA- rating to this Debenture on 12Apr21. 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.