Tata Capital Limited

About Tata Capital Limited bond with ISIN: INE306N08342

In the competitive landscape of fixed income securities, detailed and comprehensive information is vital for both investors and market analysts. This bond, identified by the unique ISIN INE306N08342, represents a significant financial instrument. Issued by TATA CAPITAL LIMITED, it comes with the following description: "8.85% UNSECURED LISTED RATED REDEEMABLE NON-CONVERTIBLE SUBORDINATED DEBENTURES ELIGIBLE FOR INCLUSION AS TIER II CAPITAL. SERIES IV TRANCHE II – CATEGORY III & IV. DATE OF MATURITY 26/08/2029". Although the bond is currently marked as active, its structure and historical context provide valuable insights into the world of debentures and non-convertible securities. The issuer, TATA CAPITAL LIMITED, classified as Non PSU, plays an essential role in the market despite some details such as sector, industry, and issuer nature not being explicitly provided. Key identifiers like the Corporate Identification Number (CIN) U65990MH1991PLC060670 further bolster its credibility. With a coupon rate of 8.85%, this instrument has been meticulously managed with the assistance of KFIN TECHNOLOGIES PRIVATE LIMITED and under the oversight of Vistra ITCL (India) Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000 with an issue size of 172.6973. It was allotted on 8/26/2019 and is scheduled for redemption on 8/26/2029. Categorized under "-" and defined as Unsecured, the instrument is structured to meet specific investment objectives. Although options such as call or put are not applicable in this instance, the core attributes remain detailed and robust. A critical element in evaluating any fixed income instrument is its credit rating. The bond carries a credit rating of AAA as provided by CRISIL RATINGS LIMITED. In the market, ratings typically range from D to AAA, and a rating of AAA is generally considered to be on the riskier end of the spectrum. This insight helps potential investors understand that while the ratings spectrum is broad, a lower rating can indicate higher risk, prompting careful consideration before investing. The security measures add another layer of assurance. The asset cover is described as follows: THE PRINCIPAL AMOUNT OF THE SECURED NCDs TO BE ISSUED IN TERMS OF THIS ISSUE TOGETHER WITH ALL INTERST DUE ON THE SECURED NCDs AS WELL AS COSTS, CHARGES, ALL FEES, REMUNERATION OF DEBENTURE TRUSTEE AND EXPENSES PAYABLE IN RESPECT THEREOF SHALL BE SECURED BY WAY OF FIRST RANKING PARI PASSU CHARGE ON THE IDENTIFIED IMMOVABLE PROPERTY AND ON IDENTIFIED BOOK DEBTS LOANS, ADVANCES, AND RECEIVABLES BOTH PRESENT AND FUTURE OF TCFSL. – a feature that, while requiring further inquiry for complete details, underscores the issuer’s commitment to providing some level of investor protection. Furthermore, the bond is supported by several documents. The bond is supported by a variety of documents including Shelf Prospectus/Information Memorandum/Offer Documents/Tranches/Series, CARE RATINGS LIMITED_09-01-2024, CARE RATINGS LIMITED_09-01-2024, CARE RATINGS LIMITED_22-12-2023, CARE RATINGS LIMITED_26-12-2022. These documents serve as a reference for additional details and provide transparency to interested parties. Additionally, there are similar bonds in the market such as the bond with ISIN INE976I08417 having a coupon rate of 8.22% and the bond with ISIN INE306N07MO9 having a coupon rate of 7.55% and the bond with ISIN INE306N08268 having a coupon rate of 8.61% and the bond with ISIN INE306N07NT6 having a coupon rate of 8.07%. Such comparable instruments offer a broader perspective on market positioning and allow investors to perform benchmark analysis. This detailed description is crafted to meet rigorous content standards and to offer exhaustive insights into every facet of the bond’s structure. Investors, analysts, and researchers alike can derive substantial value from this narrative, which underscores both the instrument’s inherent characteristics and its broader market positioning. Such elaborate coverage enhances investor confidence by providing a rich, comprehensive content base. Every element from issuance details to security measures and comparative insights is meticulously presented to facilitate an informed and robust market understanding.