9.85% Tata Motors Finance Limited - AA Rated (INE909H08170)

Tata Motors Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE909H08170, with a face value of ₹10,00,000 rs on 24May13 to raise 99.9 crores. The debt instrument is issued with a coupon rate of 9.85% 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 9.85% UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES IN THE NATURE OF TIER II CAPITAL SERIES NAME TMFL TIER II BONDS B FY 13-14 . DATE OF MATURITY 24/05/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 19May17 & on NSE stock exchange on 07Jun13. CRISIL RATINGS LIMITED has given AA rating to this Debenture on 04Apr13. 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.