10.60% Tata Motors Finance Limited - AA Rated (INE909H08196)

Tata Motors Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE909H08196, with a face value of ₹10,00,000 rs on 12Sep14 to raise 25 crores. The debt instrument is issued with a coupon rate of 10.60% 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 10.60% UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES IN THE NATURE OF TIER II CAPITAL SERIES NAME TMFL TIER II BONDS A FY 14-15 . DATE OF MATURITY 12/09/2024. 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 29Sep14. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 01Sep14. 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.