Tata Steel Limited - AA Rated (INE081A08280)

Tata Steel Limited, a Iron & Steel company, has floated Debenture, having ISIN value as INE081A08280, with a face value of ₹10,00,000 rs on 30Apr20 to raise 500 crores. The debt instrument is issued with a coupon rate of RESER RATE-REFER REMARKS 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 RESET RATE (REPO RATE + SPREAD) UNSECURED, RATED, LISTED, REDEEMABLE, NON-CONVERTIBLE DEBENTURES. SERIES A. DATE OF MATURITY 28/04/2023. 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 04May20. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 13Apr20. 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.