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.
|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 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/Stable, ICRA 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.