8.80% Tata Motors Limited - AA Rated (INE155A07284)

Tata Motors Limited, a Passenger Cars & Utility Vehicles company, has floated Debenture, having ISIN value as INE155A07284, with a face value of ₹10,00,000 rs on 26May20 to raise 1000 crores. The debt instrument is issued with a coupon rate of 8.80% 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 8.80% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES. SERIES E29-A. LETTER OF ALLOTMENT. DATE OF MATURITY 26/05/2023. 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 05Jun20 & on BSE stock exchange on 05Jun20. CRISIL RATINGS LIMITED has given AA rating to this Debenture on 19May20. This issuer is formerly known as TATA ENGINEERING AND LOCOMOTIVE CO. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.