10.95% Tata Capital Financial Services Limited - AA Rated (INE306N08011)

Tata Capital Financial Services Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE306N08011, with a face value of ₹5,00,000 rs on 27Mar14 to raise 93.55 crores. The debt instrument is issued with a coupon rate of 10.95% 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 10.95% UNSECURED NON CONVERTIBLE DEBENTURES. SERIES TCFSL PERPETUAL 'A' FY 2013-14.. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CARE Ratings Limited has given AA+ rating to this Debenture on 27Mar14. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.