Tata Motors Finance Limited - AA Rated (INE909H08188)

Tata Motors Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE909H08188, with a face value of ₹10,00,000 rs on 05Sep14 to raise 90 crores. The debt instrument is issued with a coupon rate of RESET RATE (REFER REMARKS) 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 Secured Debenture is RESET RATE PERPETUAL UNSECURED SUBORDINATED NON CONVERTIBLE DEBENTURES. SERIES TMFL PERPETUAL A FY 14-15 .. 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 16Sep14 & on BSE stock exchange on 19May17. CRISIL RATINGS LIMITED has given AA- rating to this Debenture on 05Aug14. 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.