DR TRUST, DR PHYSIO DEBUT AS FIRST HEALTHCARE AND WELLNESS PRODUCTS AT CROMA STORES - Indian Chemical Council flags concerns regarding need to safeguard Indian Chemic al industry with product-specific ‘Rules of Origin’ under the RCEP negotiations - L&T Technology Services continues double-digit revenue growth in Q2FY20, Q2 Revenue of ₹ 1,402 crore, up 11% YoY, Q2 Net profit of ₹ 206 crore; up 8% YoY - Omnichannel start-up eJOHRI Announces Jewel Utsav- India’s Biggest Jewellery Shopping Festival - Customer Demand for Digital Payments Booming, Grew by 106% in the Last 9 months: Razorpay’s ‘The Era of Rising Fintech’ Report - OYO launches an online travel agent portal, SuperAgent, to enhance booking experience in India - Mercedes-Benz commences its product offensive; Introduces for the first time in India the iconic ‘G-Class’ in its new guise- The ‘G 350 d’ - KENT launches ‘Health Plus’, a compact purifier designed to make washbasin & sink water bacteria free protect your family from bacteria and virus while brushing and various kitchen chores - Gujarat Fluorochemicals Ltd. listed on the BSE - Asset quality of MSME loans may continue to face stress in FY20, says Mr. Chowdhury - Tourism Australia invites Indians to ‘Experience the game and beyond’ at the ICC T20 World Cups in 2020 - Gensol Engineering Ltd. reaches 8% above IPO price on listing day - Seeing plastic waste as a resource: Covestro plans to promote circular economy, Seeing plastic waste as a valuable resource / Alternative raw materials to break away from crude oil / Fostering recycling through innovative processes - VODAFONE IDEA BUSINESS SERVICES AND NOKIA PARTNER TO LAUNCH SD-WAN TO HELP BUSINESSES DRIVE DIGITAL TRANSFORMATION - IRCTC listing ceremony held at BSE - Magnificent Trailer of Hindi Film "Ramrajya" launched - Himalaya Expands Its Hair Care Portfolio with Natural Shine Henna - DR AKSHATA PRABHU TO REPRESENT INDIA AT MS. INTERNATIONAL WORLD 2020 IN MIAMI, FLORIDA, UNITED STATES - Aviation Giants Airport Authority of India, Air India and Air India Express Onboard TReDS platform M1xchange - Global Excellence Awards 2019 - Actress Madhuri Dixit Nene honors path breaking entrepreneurs and organisations - Union Women and Child Development Minister Smriti Irani address press conference at BJP Party office  in Mumbai - Governor Koshyari asks people to use Khadi to empower rural artisans, Khadi Fashion Show at World Trade Centre - Lamborghini Opens New Showroom In Mumbai and Launches the Huracán EVO Spyder New showroom at the marquee address – Prabhadevi Launch of the new Lamborghini Huracán EVO Spyder, a design translated into open-air exhilaration Electrohydraulic, lightweight, soft top for pure Spyder feeling - Blue Star declared winner of the prestigious ‘Golden Peacock Award for Excellence in Corporate Governance’ for 2019 - Nokia announces over 2,000 5G patent declarations - Maruti Suzuki Ciaz continues its dominance for 5 years, Over 30% market share with more than 2.7 lakh delighted customers - Japan’s Nippon Life Insurance, announces the integration of Nippon India Mutual Fund (erstwhile Reliance Mutual Fund) into their Global Unified Asset Management Fold   - BKT SCORES GLOBAL AGREEMENT WITH SPANISH FOOTBALL LEAGUE LALIGA - America’s leading manufacturing state eyes technological ties with India, says Mr. Holcomb - Karan Johar, Anil Kapoor, Javed Akhtar, Asha Parekh, Ajay Mago & many others at the launch of Khalid Mohamed’s debut novel ‘The Aladia Sisters’, an Om Books International publication - HARMAN Opens Flagship Brand Store in Mumbai, experience the full range of JBL, Harman Kardon and HARMAN’s Luxury Audio Products at R City Mall in Ghatkopar, Mumbai - Actress Parineeti Chopra Premiering as Brand Ambassador for India’s First International Dive Expo “Adex India – Mumbai Dive Show Ocean Festival” the Longest run & Largest Dive Expo in Asia! now at BEC, Goregaon - Lifestyle & Adventure comes to the Heart of Mumbai, Opens a new ISUZU Brand Showroom at Nariman Point - Rate cuts must be accompanied by substantial transmission by banks to push credit, growth: ASSOCHAM - Apollo Hospitals Deploys Kronos Workforce Solution to Augment Superior Care - Bollywood Actress and Model Sanjana Sanghi visited a Teach For India classroom with school Children - Governor attends 150th Birth Anniversary of Mahatma Gandhi - T-2 TO THE NBA INDIA GAMES 2019, India’s first-ever floating court makes a grand debut - Bollywood Singer Falguni Pathak and Devotees perform Dandiya raas Garba Dance for Navratri festival celebration - Indian American physician and filmmaker Dr. Ravi Godse's English film "Remember Amnesia" happens to be the first film ever made with award-winning Hollywood, Bollywood & Marathi stars - Manappuram Home Finance Limited NCD Issue to Open on September 30, 2019 - The shoot for a international magazine cover - Bollywood actors during trailer launch of their upcoming film "BYPASS ROAD" - Pakkhi Hegde turns entrepreneur, launches her record label ‘Beyond Music’ - Ninth International “NextGen Genomics, Biology, Bioinformatics and Technologies (NGBT)” Conference in Mumbai - Polycab India Ltd. showcases its first-ever Polycab Experience Centre in Mumbai’s iconic electrical markets hub Lohar Chawl - SRCC Children’s Hospital redefines holistic pediatric care in India, NH-SRCC Hospital to conduct 200 cardiac surgeries per month for needy children under various Government schemes Around 1,400 children suffering from cardiac ailments screened in last one year across rural Madhya Pradesh, Maharashtra and Goa - Mukesh Ambani tops the IIFL Wealth-Hurun India Rich List 8th year in a row - Fibre-based Technologies to be a Key Enabler for Digital India: Broadband India Forum - EXPORT-IMPORT BANK OF INDIA ORGANIZES EXIM BAZAAR – AN EXCLUSIVE ART & CRAFT EXHIBITION OF HANDMADES - Actor Bhumi Pednekar along with Director of Suntuity REI- Imaan Javan come together with Celebrities, top business leaders and students all join hands for global strike, demand action on climate change in Mumbai - Mithali Raj and Siddhant Chaturvedi announce the 2nd edition of Skechers Performance Mumbai Walkathon - Nokia shows the way forward to accelerate the connected world in 5G era at Bangalore Innovation Day - The fully electric XC40 SUV – Volvo’s first electric car and one of the safest on the road - L&T Technology Services recognized as ‘Best Company for Excellence in Services’ by Indo-American Chamber of Commerce-West India Council - Mukesh Ambani tops the IIFL Wealth-Hurun India Rich List 8th year in a row, Record Stats: With 953 entrants, India’s most comprehensive Rich List grows overall by 122 - IRCTC’S Initial Public Offering (IPO) to open on Monday, 30, 2019 with Price Band of Rs. 315 – Rs. 320 per Equity Share each of Face Value of Rs. 10 each - Samsung (Mobile Phones) ranked as India’s Most Consumer-Focused Brand; Dell and Apple iPhone follow, 56 Indian brands feature among top 100; LIC, Tata Motors, Amul (Milk) lead India list - 76% of Mumbaikars who are stressed are at heart risk: Saffolalife Study - RCF announces Financial Results, Overall Performance And Company Highlights Post it’s 41St AGM - Aiming to provide women with a platform and enabling them to make a difference, India Brainy Beauty 2019 pageant is back with its finale - Vastrabharana 2019 exhinition organized by the Crafts Council of Karnataka - OPI, the #1 Salon brand worldwide in nail color and care, announced the launch of their new Peru collection in India - Bollywood Actors Salman Khan, Ameesha Patel & others during the launch of the Bigg Boss 13 in Mumbai - Union Minister Arjunram Meghwal inaugurates solo art exhibition of renowned painter Gopal Vyas, who celebrates 50 golden years - Global Survey Reveals Major Shift in Education Toward Do-It-Yourself Learning - 1 millionth Maruti Suzuki car exported from Gujarat’s Mundra Port, with shipments to more than 125 countries; cumulative exports cross over 1.8 million units - Solve for the planet: 24-Hour NASA Space App Challenge 2019 Begins - Hero Electronix forays into Consumer Technology, unveils a new Brand – Qubo, AI-powered Connected Smart Devices, Launches India’s first Smart Indoor Camera with advanced Artificial Intelligence-driven features

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  

MUMBAI, (GNI): Rajiv Sabharwal (Managing Director & CEO, Tata Capital Ltd.) at the announcement of Tata Capital Financial Services Limited NCD issue in Mumbai – photo by Sumant Gajinkar

MUMBAI, (GNI): (L-R) Vinay Pai Useless Financial Services Limited), Avan Doomasia (Company Secretary, Tata Capital Financial Services Ltd.), Puneet Sharma (Chief Financial Officer, Tata Capital Financial Services Ltd.), Rajiv Sabharwal (Managing Director & CEO, Tata Capital Ltd.), Kusal Roy (Managing Director & CEO, Tata Capital Financial Services Ltd.), Kiran Joshi (Head Treasury, Tata Capital Financial Services Ltd.), Amol Dalvi (Vice President, Tata Capital Financial Services Ltd.), Vikas Shinde (Axis Bank Limited), Harit Oberoi (A.K. Capital Services Ltd.) at the announcement of Tata Capital Financial Services Limited NCD issue in Mumbai – photo by Sumant


                                               
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

MIMBAI, August 08, 2019 (GNI): Tata Capital Financial Services Limited (the “Company” or the “Issuer”), 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 to the needs of various segments, proposes to open on August 13, 2019, a Public Issue of Secured, Redeemable, Non-Convertible Debentures of Face Value of Rs. 1,000 each (“Secured NCDs”) up to Rs. 299,790 lakh and Unsecured, Subordinated, Redeemable, Non-Convertible Debentures of Face Value of Rs. 1,000 each (“Unsecured NCDs”) up to Rs. 112,810 lakh, aggregating up to Rs. 412,600 lakh (“Tranche II Issue”). The base issue size of Tranche II Issue is Rs. 50,000 lakh, with an option to retain oversubscription upto Rs. 362,600 lakh, aggregating upto Rs. 412,600 lakh (“Residual Shelf Limit”). 

The Tranche II Issue is scheduled to close on August 23, 2019 with an option of early closure or extension as decided by the Board of Directors of the Company (“Board”) or the Working Committee of the Board.

Addressing to media persons during press conference, 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.”

About Tata Capital Financial Services Limited (“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. TCFSLs financing products include:

Commercial and Small and Medium Enterprise Finance Division (“CSFD”): CSFD offers commercial finance to corporates which includes vanilla term loans, working capital term loans, channel finance, bill discounting, construction equipment finance, leasing solutions, lease rental discounting, promoter finance and structured products.

Consumer Finance and Advisory Business (“CFAB”):  CFAB offers a wide range of consumer loans such as auto loans (used car loans and two wheeler loans), business loans, loans against property, personal loans, consumer durable loans and loans against securities as well as wealth management.

TCFSL is promoted by and is a wholly owned subsidiary of Tata Capital Limited (“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.

The issue is rated by CRISIL & CARE: The NCDs proposed to be issued under this Tranche II Issue have been rated “CRISIL AAA / Stable” by CRISIL Limited and have been rated “CARE AAA; Stable” by CARE Ratings Limited.

The minimum application amount is Rs. 10,000 (Rupees Ten Thousand only) collectively across all Options and in multiples of One (1) NCD after the minimum application amount across all the Options, of face value of Rs. 1000 each after the minimum application. Allotment is on a first-come-first-serve basis (except on the date of oversubscription, if any, when all the investors applying on the said date will get allotment on a proportionate basis). 

Issue Structure: Option I NCDs (Secured), interest would be paid on an annual basis at 8.35% to Category I and Category II investors and on an annual basis at 8.45% to Category III and Category IV investors. Effective yield per annum for Category I and Category II investors is 8.34% and for Category III and Category IV investors is 8.44%.

Option II NCDs (Secured), interest would be paid on an annual basis at 8.40% to Category I and Category II investors and on an annual basis at 8.50% to Category III and Category IV investors. Effective yield per annum for Category I and Category II investors is 8.39% and for Category III and Category IV investors is 8.49%. 

Option III NCDs (Secured), interest would be paid on an annual basis at 8.55% to Category I and Category II investors and on an annual basis at 8.65% to Category III and Category IV investors. Effective yield per annum for Category I and Category II investors is 8.54% and for Category III and Category IV investors is 8.64%.

Option IV NCDs (Unsecured Subordinated), interest would be paid on an annual basis at 8.75% to Category I and Category II investors and on an annual basis at 8.85% to Category III and Category IV investors. Effective yield per annum for Category I and Category II investors is 8.74% and for Category III and Category IV investors is 8.84%.

At least 75% of the net proceeds of the Public Issue of NCDs will be used for the purpose of onward lending, financing, and for repayment /prepayment of interest and principal of existing borrowings of the Company. A maximum of up to 25% will be used for general corporate purposes.

The NCDs offered through this Tranche II Prospectus are proposed to be listed on the BSE Limited and (“BSE”) and the National Stock Exchange of India Limited (“NSE”). BSE shall be the Designated Stock Exchange.

The Lead Managers to the Issue are Edelweiss Financial Services Limited, A. K. Capital Services Limited and Axis Bank Limited.

Category III Investor / High Net-worth Individual Investors (“HNIs”)

·       Resident Indian Individuals and Hindu Undivided Families through the Karta applying for an amount aggregating to above Rs. 10,00,000 across all options of NCDs in the Tranche II Issue.

Category IV Investor / Retail Individual Investors

·       Resident Indian Individuals and Hindu Undivided Families through the Karta applying for an amount aggregating up to and including Rs. 10,00,000 across all options of NCDs in the Tranche II Issue.ends

Be the first to comment on "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  "

Leave a comment

Your email address will not be published.


*