Secured Non-Convertible Debentures (NCDs) issued by Tata Capital Ltd
Secured Non-Convertible Debentures (NCDs) issued by Tata Capital Ltd–These bonds carry an attractive coupon rate of 11.25% p.a.(payable quarterly). The bonds have been rated AA+ by CRISIL indicating high degree of safety. Please find the details below:
Tata Capital Bond Details:
| Particulars | Details |
| Instrument | Secured NCDs |
| ISIN Number | INE976I07146 |
| Rating | AA+ by CRISIL |
| Face Value/Debenture (FV) | Rs.1,000 |
| Current coupon | 11.25% p.a. |
| Revised Coupon from September 05, 2012 | 9.75% p.a. |
| Interest Payment Frequency | Quarterly |
| Deemed Date of Allotment (DDA) | 06/03/2009 |
| Redemption | 05/03/2014 |
| Minimum Investment | Rs.1,00,000 |
Company Profile:
Tata Capital Limited is a subsidiary of Tata Sons Limited. The Company is registered with the Reserve Bank of India as a Systemically Important Non Deposit Accepting Non-Banking Financial Company (NBFC) and offers fund and fee-based financial services to its customers. A trusted and customer-centric, one-stop financial services provider, Tata Capital Limited caters to the diverse needs of retail, corporate and institutional customers, directly or indirectly, through its subsidiaries across various areas of business namely the Commercial Finance, Investment Banking, Private Equity, Infrastructure Finance, Securities, Wealth Management, Consumer Loans, Cards and Travel Related Services. Tata Capital is headquartered in Mumbai and has a wide network of over 100 branches spanning all critical markets in India.
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Regarding secured NCD bond