9.84% Tata Steel Limited - AA Rated (INE081A08223)

Tata Steel Limited, a Iron & Steel company, has floated Debenture, having ISIN value as INE081A08223, with a face value of ₹10,00,000 rs on 01Mar19 to raise 4315 crores. The debt instrument is issued with a coupon rate of 9.84% 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 9.8359% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 01/03/2034. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 07Mar19. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 22Feb19. This issuer is formerly known as THE TATA IRON AND STEEL COMPANY LTD Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.