7.30% Tmf Holdings Limited - AA Rated (INE909H08394)

Tmf Holdings Limited, a Holding Company company, has floated Debenture, having ISIN value as INE909H08394, with a face value of ₹10,00,000 rs on 23Jun21 to raise 200 crores. The debt instrument is issued with a coupon rate of 7.30% 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 7.3029% UNSECURED LISTED RATED SUBORDINATED PERPETUAL NON CONVERTIBLE DEBENTURE .TMFHL PERPETUAL SERIES B FY 21-22. 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 24Jun21. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 27May21. 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.