Non Convertible Debentures (NCD) - Tata Capital Housing Finance Ltd

Tata Capital Housing Finance Ltd NCD Details

Issue Date 07/01 - 17/01
Issue Size Rs. 500.00 Cr
Issue Price Rs. 1000
Market Lot 10
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

About Tata Capital Housing Finance Ltd NCD

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 FAQs

  1. When will Tata Capital Housing Finance Ltd NCD open?

    Tata Capital Housing Finance Ltd NCD will open on 07/01 and close on 17/01.

  2. What is the issue price of Tata Capital Housing Finance Ltd NCD?

    The issues price of Tata Capital Housing Finance Ltd NCD is Rs.1000.

  3. What is the lot size of Tata Capital Housing Finance Ltd NCD?

    The lot size of Tata Capital Housing Finance Ltd NCD is 10.

  4. What is the Rating of Tata Capital Housing Finance Ltd NCD?

    The Rating of Tata Capital Housing Finance Ltd NCD is CRISIL AAA/ Stable, ICRA AAA/ stable.

  5. What is the Tenor of Tata Capital Housing Finance Ltd NCD?

    The Tenor of Tata Capital Housing Finance Ltd NCD is 36 months/ 60 months/ 96 months/ 120 months.

  6. What is the Series of Tata Capital Housing Finance Ltd NCD?

    The Series of Tata Capital Housing Finance Ltd NCD is Series I to Series VI.

  7. What is the Payment Frequency of Tata Capital Housing Finance Ltd NCD?

    The Payment Frequency of Tata Capital Housing Finance Ltd NCD is Monthly and Annual.

  8. What is the Basis of Allotment of Tata Capital Housing Finance Ltd NCD?

    The Basis of Allotment of Tata Capital Housing Finance Ltd NCD is First Come First Serve Basis.