7.70% Tmf Holdings Limited - AA Rated (INE909H08444)

Tmf Holdings Limited, a Holding Company company, has floated Debenture, having ISIN value as INE909H08444, with a face value of ₹10,00,000 rs on 25Feb22 to raise 600 crores. The debt instrument is issued with a coupon rate of 7.70% 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 7.7% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES TMFHL Unsecured NCD E FY 21-22. MATURITY DATE 25/02/2025. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 02Mar22. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 17Feb22. 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.