Security Name: 10.25% Tata Motors Finance Limited (P) Call : 24 Sep 2030
ISIN:
INE601U08143
Taxable
Tax Category
24 Sep, 2030
Call Date
(5 Yr 6 Mo 11 D to call)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
24 Sep, 2020
Allotment Date
NA
Put Date
24 Sep, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
Yes
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
10.25%
Coupon
Fixed Interest
Coupon Basis
9.5231%
Current Yield
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
Tata Motors Finance Limited
TMFL (Formerly Tata Motors Finance Solutions Limited) is one of the pioneers of vehicle financing established way back in 1957 under a different name. The company is promoted by TMF Holdings Limited Head Quartered at Thane, Maharashtra. The company has a strong footprint across India and operates through its own 260+ branch networks. TMFL is the leading and most preferred financial Institution engaged in financing entire range of Tata Motors Commercial and Passenger vehicles. It is a non-deposit taking systemically important NBFC.
The ratio in FY24 is 10.60x and it was 17.70x in FY23, indicating decrease in the debt level due to decrease in the borrowings as well as finance cost of the issuer in FY24.
Debt/EBITDA
The ratio in FY24 is 1.09x and it was 0.66x in FY23, indicating increase in the debt servicing ability of the issuer due to incurred profit in FY24 as compared to incurred losses in FY23.
Interest coverage ratio
Recent News
Tata Motors offers free charging for Nexon, Curvv EVs bought in December
Dec 13, 2024 | Tata Motors Finance Limited
Tata Motors Subsidiaries Partner with Saraswat Bank for Vehicle Finance
Jan 13, 2025 | Tata Motors Finance Limited
Hydrogen-powered trucks: Tata Motors to launch pilot project
Jan 21, 2025 | Tata Motors Finance Limited
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STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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BOND VALUE DETAILS
Face Value
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Total Investment
| Cashflow for INE601U08143 |
|---|
| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
|---|
| Security Name |
|---|
| 10.25% Tata Motors Finance Limited (P) Call : 24 Sep 2030 |
| Credit Rating |
|---|
| A + by ICRA |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹10,00,000 |
| Coupon |
|---|
| 10.250000% |
| YTM or YTC |
|---|
| YTC |
| Call Date |
|---|
| 24/09/2030 |
| Security |
|---|
| Senior Unsecured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Mar 17,2025 |
| Principal Amount |
|---|
| ₹10,76,325 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹1 |
| Total Amount Payable |
|---|
| ₹10,76,326 |
| Price |
|---|
| ₹107.6325 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
|---|
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
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