The private placement of Tata Motors Finance Ltd (TMFL) comes with a coupon of 9.10 percent. The private placement of a perpetual bond by Tata Motors Finance Limited is up for a bid. The claims of the holders of the Debentures shall be:
Perpetual bonds do not have a specified date of maturity. The issuers can buy back the bonds after a certain period, and it is generally five years or 10 years. Like other bonds, these bonds are also listed on the stock exchanges and provide exit opportunities to the Investors. Nowadays, Perpetual Bonds are making some noise in the market for all the right reasons.
Investors are now pulling out their investments made in bank fixed deposits (FDs) and putting them into perpetual bonds. Also, the rate cuts made by the Reserve Bank of India (RBI) since 2019 and aggravating COVID-19 impact has made FDs lose their shine.
Tata Motors Finance Limited has issued Six tranches since Sept 2020 starting with a coupon of 10.25% to 9.75 twice, 9.60 & 9.55 twice in Jan & March 2021, and currently up for a deal at a rate of 9.10%. In all the tranches the issuer has raised the amount successfully one because of the Brand Name and the second the terms of the issue.
The issuer also promises to pay additional 100 bps to the base coupon if the call date is not exercised means the coupon will be revised to 10.20% from 9.20% at the end of the 10 years from the allotment date.
To book contact us at +91 2248934000 or drop a mail at: - firstname.lastname@example.org
To explore more investment opportunities click here.
Only 3 months left in 2021 and if you haven't invested your money it's your time to look at stocks for short-term investment. Every week on Friday we come out with ...Read More
With reference to the SEBI circular dated 20th July 2020, Peak Margin has been introduced in the Equity, Commodity & Currency segment from 1st December 2020. W.e.f 1st June 2021, there ...Read More
The private placement of Tata Motors comes with a coupon of 9.10 percent. The private placement of Tata Motors Finance Ltd (TMFL) comes with a coupon of 9.10 percent. The private placement of ...Read More