Tata Capital Allots ₹3000 Cr in Secured NCDs

Tata Capital Limited has announced the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The company issued 3,00,000 NCDs with a face value of ₹1,00,000 each, aggregating to ₹3000 crore. The NCDs carry a coupon rate of 8.05% per annum and have a tenor of 1095 days, maturing on September 07, 2029. The issuance is secured by a pari-passu charge on the company's movable property, including receivables and book debts. The NCDs are proposed to be listed on the National Stock Exchange (NSE) and have received a CRISIL AAA/Stable and ICRA AAA/Stable credit rating.