|Issue Date||07/01 - 17/01|
|Issue Size||Rs. 500.00 Cr|
|Issue Price||Rs. 1000|
|Rating||CRISIL AAA/ Stable, ICRA AAA/ stable|
|Tenor||36 months/ 60 months/ 96 months/ 120 months|
|Series||Series I to Series VI|
|Payment Frequency||Monthly and Annual|
|Basis Of Allotment||First Come First Serve Basis|
Tata Capital Housing Finance Ltd (TCHFL), a wholly-owned subsidiary of Tata Capital Ltd, launched its maiden public issue of secured and unsecured redeemable non-convertible debentures (NCDs) worth ₹2,000 crore on Monday.
The debentures are rated AAA/stable by rating agencies Crisil Ltd and Icra.
The lead managers to the issue are Edelweiss Financial Services Ltd and A.K. Capital Services Ltd.
As on 30 September 2019, the housing finance firm had raised a total debt of ₹26,120 crore. Of this, bank borrowings comprised 43%, funding from the National Housing Bank (NHB) 21%, sub-debt 2%, external commercial borrowings 2%, cumulative compulsory convertible preference shares (CCCPS) 6%, bonds 15%, and commercial papers the remaining 11%, according to the company’s presentation.
Incorporated in 2008, Tata Capital Housing Finance Ltd is a non-deposit taking housing finance company. It is a wholly owned subsidiary of Tata Capital Financial Services Limited (TCFSL) which provides a range of financial products to corporates and consumers.
As on 30 Sept 2019, it has 88 branches across Tier I, Tier II and Tier III cities in India.
Tata Capital Housing Finance Ltd NCD will open on 07/01 and close on 17/01.
The issues price of Tata Capital Housing Finance Ltd NCD is Rs.1000.
The lot size of Tata Capital Housing Finance Ltd NCD is 10.
The Rating of Tata Capital Housing Finance Ltd NCD is CRISIL AAA/ Stable, ICRA AAA/ stable.
The Tenor of Tata Capital Housing Finance Ltd NCD is 36 months/ 60 months/ 96 months/ 120 months.
The Series of Tata Capital Housing Finance Ltd NCD is Series I to Series VI.
The Payment Frequency of Tata Capital Housing Finance Ltd NCD is Monthly and Annual.
The Basis of Allotment of Tata Capital Housing Finance Ltd NCD is First Come First Serve Basis.