Security Name: 9.8359% Tata Steel Limited 01 Mar 2034
ISIN:
INE081A08223
Taxable
Tax Category
01 Mar, 2034
Maturity Date
(9 Yr 1 Mo 13 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
01 Mar, 2019
Allotment Date
NA
Put Date
01 Mar, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
9.8359%
Coupon
Fixed Interest
Coupon Basis
NaN%
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?
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ISSUER
Tata Steel Limited
Tata Steel Limited is among the leading companies of the diversified conglomerate – the Tata Group. The company was founded by Jamshedji Tata, the founder of the Tata Group. The company was established as India’s first integrated steel company with incorporation in the year 1907. Over the years, the company has grown substantially through organic as well as inorganic ways.
The ratio in FY24 is 2.10x and it was 1.05x in FY23, indicating increased debt levels, due to increase in borrowings and the finance cost in FY23.
Debt/EBITDA
The ratio in FY24 is 3.20x and it was 6.05x in FY23, indicating decreased debt servicing ability, due to increase in finance cost and decrease in the profitability of the issuer compared to previous years.
Interest coverage ratio
Recent News
Tata Steel vs JSW Steel: Share price targets, technicals, valuation, financial metrics
Apr 01, 2024 | Tata Steel Limited
Tata Steel becomes First-in-India to integrate transgender employees in mine
Apr 01, 2024 | Tata Steel Limited
Tata Steel to review new material businesses
Nov 13, 2024 | Tata Steel Limited
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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
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Total Investment
| Cashflow for INE081A08223 |
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| 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). |
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| Security Name |
|---|
| 9.8359% Tata Steel Limited 01 Mar 2034 |
| Credit Rating |
|---|
| AA + /Stable by CARE AA + (Positive) by IND |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹10,00,000 |
| Coupon |
|---|
| 9.835900% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 01/03/2034 |
| Security |
|---|
| Senior Unsecured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Principal Amount |
|---|
| ₹NaN |
| Accrued Interest |
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| ₹NaN |
| Stamp Duty |
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| ₹0 |
| Total Amount Payable |
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| ₹NaN |
| Price |
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| ₹NaN |
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| Year | Payment Date | Amount | Payout Type |
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Quote Not Available for purchase
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.
