Bond Directory / THE TATA POWER COMPANY LIMITED

THE TATA POWER COMPANY LIMITED

ACTIVE

MCLR LINKED + SPREAD OF 0.35% SECURED UNLISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT DATE OF MATURITY 31/03/2028

ISIN

INE245A07432

Copied

Essentials

Coupon Rate (Returns)

ANNUALISED RATE OF KOTAK 6M MCLR+0.35% PRESENT EFFECTIVE 8.85% ANNUALIZED RATE

Rating

AA+  INDIA RATING AND RESEARCH PVT. LTD

Interest Payment Frequency

ANNUALLY

Once Every Year

Maturity after

3 years 8 months

Mar 31, 2028

Face Value

₹15,65,625

Coupon Type

Simple

Can be returned to Issuer?

Yes - Call and Put

Put option exercised at

At Par

Issue Details

Issue Size

220 Crores

Issue Price

₹15,65,625

Security class

Debentures

Listing details

Not listed

Debenture Trustee

IDBI Trusteeship Services Limited

Issue

Private Placement

Issuer Details

THE TATA POWER COMPANY LIMITED

Business Sector

242

Issuer Nature type

Other

Issuer Ownership

Non PSU

Factors

*Rating Agency -INDIA RATING AND RESEARCH PVT. LTD

Issue Size

Large

Rating Category*

AA

Mode of Issuance

Private Placement

Coupon Type

Simple

Factors

Issue Size

Large

Rating Category*

AA

Mode of Issuance

Private Placement

Coupon Type

Simple

*Rating Agency - INDIA RATING AND RESEARCH PVT. LTD

Note: Pursuant to the provisions of Section 193 of the Income Tax Act, 1961, as amended, effective from 1st April 2023, TDS will be deducted at the rate of 10% (or such other rates as may be notified from time to time) on any interest payable on any security issued by a company other than securities issued by the Central Government or a State Government. The listing of products above: (a) should not be considered an advertisement, endorsement, or recommendation to invest. Please use your own discretion before you transact. (b) is in compliance with regulatory framework as applicable for Online Bond Platform Provider (c) at their given price or yield are subject to availability and market cut-off timings.

What is my risk?

Each bond is regularly evaluated by multiple reputed rating agencies

Credit Rating

Credit Rating

AA+

(Nov 13, 2019)

Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

Credit Outlook

Stable

A Stable outlook indicates that the Rating is likely to remain unchanged

Rating Watch

4

-

Repayment Priority

Higher the level, higher the priority of investment repayment on default

None

Security with Collateral?

An investment secured with collateral helps

SECURED

UNSECURED

Type of Guarantee

Guarantee of investment by third-party if company defaults

GUARANTEED

NON GUARANTEED

PARTIAL GUARANTEED

gurantee icon

Want to know more?

Download Issue Documents (Information Memorandum / Termsheet)

What other details I need to know?

Other Important bond related information that can help you with decision making

How do I buy this bond?

You can follow the steps mentioned to complete your Purchase.

How do I buy this bond?

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