8.85% Tvs Credit Services Limited - AA Rated (INE729N08063)

Tvs Credit Services Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE729N08063, with a face value of ₹1,00,00,000 rs on 10Dec21 to raise 350 crores. The debt instrument is issued with a coupon rate of 8.85% 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 8.85% UNSECURED RATED LISTED SUBORDINATED TIRE II REDEEMABLE TAXABLE NON CONVERTIBLE DEBENTURES .LETTER OF ALLOTMENT. DATE OF MATURITY 11/06/2027. 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 13Dec21. CRISIL RATINGS LIMITED has given AA rating to this Debenture on 23Nov21. 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.