8.76% Tmf Holdings Limited - AA Rated (INE909H08303)

Tmf Holdings Limited, a Holding Company company, has floated Debenture, having ISIN value as INE909H08303, with a face value of ₹10,00,000 rs on 18Aug20 to raise 305 crores. The debt instrument is issued with a coupon rate of 8.76% 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 8.7551% UNSECURED SUBORDINATED LISTED RATED PERPETUAL NON CONVERTIBLE DEBENTURE. TMFHL PERPETUAL SERIES B FY 20-21. 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 25Aug20. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 13Aug20. This issuer is formerly known as TATA MOTORS FINANCE LIMITED, TML FINANCIAL SERVICES LTD Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.