8.35% Tata Motors Finance Limited - AA Rated (INE601U08275)

Tata Motors Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE601U08275, with a face value of ₹1,00,00,000 rs on 03Dec21 to raise 200 crores. The debt instrument is issued with a coupon rate of 8.35% 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 8.35% UNSECURED LISTED RATED SUBORDINATED PERPETUAL NON CONVERTIBLE DEBENTURE COMPRISING OF TIER I AND II CAPITAL. TMFL PERPETUAL B FY 2021-22. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Not Applicable option. The Debenture is listed on BSE stock exchange on 06Dec21. CRISIL RATINGS LIMITED has given AA- rating to this Debenture on 19Nov21. 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.