Tata Capital Financial Services Limited NCD Tranche II Issue to open on August 13, 2019
Interest rate of up to 8.85% per annum - For Option IV, 10 years – Annual option
· Ratings - CRISIL AAA / Stable by CRISIL Limited (“CRISIL”) and CARE AAA; Stable by CARE Ratings Limited (“CARE Ratings”)
· Tranche II Issue Size: Rs. 412,600 lakh (out of which Rs. 299,790 lakh Secured & Rs. 112,810 lakh Unsecured Subordinated)
· Interest pay-out on Annual basis for all the options
· Minimum application size Rs. 10,000 collectively across all Options ranging from 3 to 10 years
· Allotment on first-come, first-serve basis
Mr. Rajiv Sabharwal, MD and CEO, Tata Capital Limited, said, “Tata Capital Financial Services is well-diversified with assets across Retail, SME & Commercial Finance. It helps us to cater to a wide spectrum of customers. Our strong parentage, triple AAA ratings and commitment to transparency position us well in the industry. We continue to focus on our strategy of Synergy, Simplicity and using digital as a differentiator It allows us to meet the expectations of the ever evolving Indian customer. We look forward to being a significant contributor to the India growth story.”
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