9.86% Tata Capital Financial Services Limited - AA Rated (INE306N08110)

Tata Capital Financial Services Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE306N08110, with a face value of ₹10,00,000 rs on 06Jan16 to raise 50 crores. The debt instrument is issued with a coupon rate of 9.86% 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 9.86% UNSECURED REDEEMABLE NON-CONVERTIBLE PERPETUAL DEBENTURES. SERIES TCFSL PD B OF FY 2015-16.. 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 14Jan16 & on BSE stock exchange on 14Jan16. CARE Ratings Limited has given AA+ rating to this Debenture on 06Jan16. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.