TATA Capital Housing Finance Ltd NCD period begins from Jan 7 to Jan 17, 2020:
Tata Capital Housing Finance Ltd propelled in 2008 by Tata Capital Financial Services. It is a lodging money organization. It presented a NCD. The NCD time frame will begin on seventh Jan and finishes on seventeenth Jan 2020.
NCD Details:
Issue Open On seventh Jan to seventeenth 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 for each NCD
Face Value Rs 1000 for each NCD
Least Lot Size 10 NCD
Market Lot 1 NCD
Posting 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
Premise of Allotment First Come First Serve Basis
The Size of the issue is Rs 500 crore. It was a made sure about, redeemable, non-convertible debentures type NCDs. Tata Capital Limited goes about as an advertiser for this NCD.
The presumptive worth of this NCD is Rs 1,000 for each NCD. The cost of the issue is Rs 1,000 for every NCD. Its market part is 1 NCD. The units will be allocated by the primary start things out serve strategy. This NCD will be recorded on BSE and NSE.
Coupon Rates:
Arrangement
Recurrence
Tenor (Months)
Coupon rate for Maturity Amount
Class I and II Category III and 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 venture:
The base size of the issue is 10 NCDs (Rs 10,000). It was appropriate for the whole arrangement and furthermore in products of 1 NCD (Rs 1,000) for all arrangement.
Objects of the NCD:
The issue will use the raised sum for advances and financing, and discounting the loaning sum, comparatively for the general corporate purposes.
The proposed NCDs have been evaluated as CARE AAA/Stable, ICRA AAA/Stable. The units designated to the QIBs are 10%, 10% for NIIs, 40% for HNI s and 40% for RIIs.
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