6.60% Tata Motors Limited - AA Rated (INE155A08423)

Tata Motors Limited, a Passenger Cars & Utility Vehicles company, has floated Debenture, having ISIN value as INE155A08423, with a face value of ₹10,00,000 rs on 16Jun21 to raise 500 crores. The debt instrument is issued with a coupon rate of 6.60% 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 6.60% UNSECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES. SERIES E30-A. LETTER OF ALLOTMENT. DATE OF MATURITY 29/05/2026. 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 17Jun21 & on BSE stock exchange on 17Jun21. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 02Jun21. 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.