Tata Cap­i­tal’s NCD is­sue opens on 10th Septem­ber

Money Times - - Press Release -

Tata Cap­i­tal Fi­nan­cial Ser­vices Ltd (Tata Cap­i­tal), a non-bank­ing fi­nan­cial com­pany (NBFC), plans to raise Rs.7500 crore through is­sue of non-con­vert­ible deben­tures (NCDs). The is­sue which car­ries an in­ter­est of 8.7% - 9.1% will close on 21 Septem­ber 2018. Tata Cap­i­tal will is­sue se­cured, re­deemable NCDs of up to Rs.6000 crore and un­se­cured, sub-or­di­nated, re­deemable NCDs of up to Rs.1500 crore with face value of Rs.1000 each. The base size of the is­sue is Rs.2000 crore with an op­tion to re­tain over­sub­scrip­tion up to Rs.7500 crore. The NCDs un­der this is­sue have been as­signed the ‘high­est de­gree of safety’ rat­ing by CRISIL and CARE.

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