9.81% Tata Motors Limited - AA Rated (INE155A08191)

Tata Motors Limited, a Passenger Cars & Utility Vehicles company, has floated Debenture, having ISIN value as INE155A08191, with a face value of ₹10,00,000 rs on 20Aug14 to raise 300 crores. The debt instrument is issued with a coupon rate of 9.81% 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 9.81% UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES E 26 B. LETTER OF ALLOTMENT. DATE OF MATURITY 20/08/2024. 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 04Sep14 & on BSE stock exchange on 04Sep14. CARE Ratings Limited has given AA+ rating to this Debenture on 20Aug14. 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.