9.77% Tata Motors Limited - AA Rated (INE155A08209)

Tata Motors Limited, a Passenger Cars & Utility Vehicles company, has floated Debenture, having ISIN value as INE155A08209, with a face value of ₹10,00,000 rs on 12Sep14 to raise 400 crores. The debt instrument is issued with a coupon rate of 9.77% 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 9.77% UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES E 26 C. LETTER OF ALLOTMENT. 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 24Sep14. CARE Ratings Limited has given AA+ rating to this Debenture on 12Sep14. 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.