8.40% Tata Motors Finance Solutions Limited - AA Rated (INE477S08126)

Tata Motors Finance Solutions Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE477S08126, with a face value of ₹10,00,000 rs on 22Mar22 to raise 100 crores. The debt instrument is issued with a coupon rate of 8.40% 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 8.40% UNSECURED UNLISTED RATED SUBORDINATED PERPETUAL NON CONVERTIBLE DEBENTURE. TMFSL PERPETUAL SERIES A FY 2021-22.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CRISIL RATINGS LIMITED has given AA- rating to this Debenture on 03Mar22. This issuer is formerly known as TATA MOTORS FINANCE SOLUTIONS PRIVATE LIMITED, RAJASTHAN LEASING PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.