TATA Capital Financial Services Limited NCD 2019 Tranche-II
(i) TCFSL, setup in 2010, it is a wholly-owned subsidiary of TCL. Following the change in shareholding structure for the financial business, TCL transferred its lending business along with part of liabilities to TCFSL with effect from March 2012. At the end of Fiscal 2018, the Company’s has a sizeable AUM of 37,260 Cr.
(ii) TCFSL is a Systemically Important Non – Deposit-taking Non – Banking Financial Company (“ND – SI – NBFC”) focused on providing a broad suite of financing products customized to cater the needs of various segments. The financing products include:
a) Corporate finance:
The Corporate Finance Division (“CFD”) offers commercial finance which offers vaNilla term loans, working capital term loans, channel finance, bill discounting, construction equipment finance, leasing solutions, lease rental discounting, promoter finance and structured products.
b) Consumer finance:
The Consumer Finance and Advisory Business Division (“CFABD”) offers a wide range of consumer loans such as car and two-wheeler loans, commercial vehicle loans, tractor loans, business loans, loans against property, personal loans, consumer durable loans and loans against securities.
(ii) They are promoted by and are a wholly-owned subsidiary of TCL, which is a diversified financial services company providing services through its subsidiaries to retail, corporate and institutional clients. TCL is the financial services arm of the Tata group, which is a diversified global business group serving a wide range of customers across varied sectors such as steel, motors, power, chemicals, telecommunications, and hospitality.
Objective of NCD TATA Capital Financial Services Limited NCD 2019 Tranche-II:
TATA Capital Financial Services Limited NCD 2019 Tranche-II Details:
|Open Date:||Aug 13 2019|
|Close Date:||Aug 20 2019|
|Issue Size:||₹ 500 Cr.|
|Face Value:||₹ 1000 Per NCD|
|Market Lot:||10 NCD|
|Minimum Order Quantity:||10 NCD|
|Frequency of Interest Payment||Annual||Annual||Annual||Annual|
|Tenor||3 Years||5 Years||8 years||10 Years|
|Coupon rate for I & II||8.35%||8.40%||8.55%||8.75%|
|Coupon rate for III & IV||8.45%||8.50%||8.65%||8.85%|
|Nature of indebtedness||Secured Rated NCD||Secured Rated NCD||Secured NCD||Unsecured NCD|