11.50% Tvs Credit Services Limited - AA Rated (INE729N08014)

Tvs Credit Services Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE729N08014, with a face value of ₹5,00,000 rs on 24Nov17 to raise 100 crores. The debt instrument is issued with a coupon rate of 11.50% 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 11.50% UNSECURED UNLISTED SUBORDINATED RATED TAXABLE PERPETUAL NON CONVERTIBLE DEBENTURES.. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CRISIL RATINGS LIMITED has given AA- rating to this Debenture on 29Sep17. This issuer is formerly known as TVS MOTOR CREDIT LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.