8.10% Tata Capital Financial Services Limited - AA Rated (INE306N08409)

Tata Capital Financial Services Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE306N08409, with a face value of ₹10,00,000 rs on 19Oct20 to raise 75 crores. The debt instrument is issued with a coupon rate of 8.10% 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 8.10% UNSECURED LISTED RATED PERPETUAL NON-CONVERTIBLE DEBENTURES. TCFSL PD B SERIES FY 2020-21.. 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 21Oct20. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 05Oct20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.