Tata Capital Housing Finance

Tata Capital Housing Finance Ltd NCD Details

Tata Capital Housing Finance Ltd NCD period starts from Jan 7 to Jan 17, 2020:

Tata Capital Housing Finance Ltd launched in 2008 by Tata Capital Financial Services. It is a housing finance company. It introduced an NCD. The NCD period will start on 7th Jan and ends on 17th Jan 2020.

NCD Details:

Issue Open On 7th Jan to 17th Jan 2020
Security Name Tata Capital Housing Finance Ltd
Security Type Secured, Redeemable, Non-Convertible Debentures
Issue Size Rs 500 cr
Issue Size Rs 5,000 cr
Issue Price Rs 1000 per NCD
Face Value Rs 1000 per NCD
Minimum Lot Size 10 NCD
Market Lot 1 NCD
Listing At BSE, NSE
Credit Rating CRISIL AAA/ Stable, ICRA AAA/ Stable
Tenor 36, 60, 96, 120 months
Series Series I to VI
Payment Monthly and Annual
Basis of Allotment First Come First Serve Basis

The Size of the issue is Rs 500 crore. It was a secured, redeemable, non-convertible debentures type NCDs. Tata Capital Limited acts as a promoter for this NCD.

The face value of this NCD is Rs 1,000 per NCD. The price of the issue is Rs 1,000 per NCD. Its market lot is 1 NCD. The units will be allotted by the first come first serve policy. This NCD will be listed on BSE and NSE

Coupon Rates:

Series

 

Frequency

 

Tenor (Months)

 

Coupon rate for   Maturity Amount

 

Category I & II Category III & IV
I Annually 36 months 8.00% 8.10% Rs 1,000
II Monthly 60 months 7.92% 8.01% Rs 1,000
III Annually 60 months 8.20% 8.30% Rs 1,000
IV Monthly 96 months 8.01% 8.10% Rs 1,000
V Annually 96 months 8.30% 8.40% Rs 1,000
VI Annually 120 months 8.55% 8.70% Rs 1,000

Tata Capital Housing Finance Company NCD Minimum investment:

The minimum size of the issue is 10 NCDs (Rs 10,000). It was applicable for the entire series and also in multiples of 1 NCD (Rs 1,000) for all series.

Objects of the NCD:

The issue will utilize the raised amount for loans and financing, and refunding the lending amount, similarly for the general corporate purposes.

The proposed NCDs have been rated as CARE AAA/StableICRA AAA/Stable. The units allocated to the QIBs are 10%, 10% for NIIs, 40% for HNI s and 40% for RIIs.

Disclaimer: This article provides information about the scheme. It does not give any advice or recommendation. Please consult your financial adviser before investing.

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