0% Tata Motors Finance Limited - AA Rated (INE601U08283)

Tata Motors Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE601U08283, with a face value of ₹10,00,000 rs on 21Jan22 to raise 250 crores. The debt instrument is issued with a coupon rate of 0% and its interest is paid Never. 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 UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES TMFL NCD D FY 21-22. MATURITY DATE 21/01/2025. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 25Jan22. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 12Jan22. 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.