Tata Capital Financial Services Ltd raised money through a public issue of secured, redeemable non-convertible debentures and unsecured sub-ordinated redeemable non-convertible debentures, open from 13 Aug 2019 to 20 Aug 2019. Coupons of 8.35%–8.85% a year, tenors of 3 years–10 years, rated CRISIL AAA, CARE AAA. Face value ₹1,000; minimum application ₹10,000.
Tata Capital Financial Services NCD issue: key facts
| Status | Closed |
|---|---|
| Issue opens | 13 Aug 2019 |
| Issue closes | 20 Aug 2019 |
| Coupon | 8.35%–8.85% a year |
| Tenor | 3 years–10 years |
| Interest payment | Annual |
| Credit rating | CRISIL AAA / Stable & CARE AAA; Stable |
| Instrument | Secured, Redeemable Non-Convertible Debentures and Unsecured Sub-ordinated Redeemable Non-Convertible Debentures |
| Base issue size | ₹2,998 crore |
| Total with green shoe | ₹4,126 crore |
| Face value | ₹1,000 |
| Minimum application | 10 (Ten) NCDs (Rs. 10,000) either taken individually or collectively across all series of NCDs and in multiple of 1 NCD (Rs.1000) thereafter |
| Lead managers | Edelweiss Financial Services Limited, Axis Bank Limited and A.K. Capital Services Limited |
| Registrar | Karvy Fintech Private Limited |
| Listing on | NSE |
| Symbol | TCFNCD2 |
Series, coupons and tenors
- S1 - 8.35% Secured NCDs Tenor 3 Years, for category I, II and 8.45% Secured NCDs Tenor 3 Years, for Category III & IV investors - Annual Option
- S2 - 8.40% Secured NCDs Tenor 5 Years, for category I, II and 8.50% Secured NCDs Tenor 5 Years, for Category III & IV investors - Annual Option
- S3 - 8.55% Secured NCDs Tenor 8 Years, for category I, II and 8.65% Secured NCDs Tenor 8 Years, for Category III & IV investors - Annual Option
- S4 - 8.75% Unsecured Sub-ordinated NCDs Tenor 10 Years, for category I, II and 8.85% UnSecured Sub-ordinated NCDs Tenor 10 Years, for Category III & IV investors - Annual Option
As listed by NSE. "Category" refers to the investor categories in the prospectus (individuals usually fall in Categories III and IV). Cumulative series pay the amount shown at maturity instead of periodic interest.
About Tata Capital Financial Services as a bond issuer
Check the issuer's financial statements and existing borrowings in the prospectus, and the rating agency's rationale for the rating.
Other public issues by Tata Capital Financial Services: Sep 2018
Documents and how to apply
- Prospectus NSE, zip file
- NSE public issues
While the issue is open, apply through your bank's net banking (ASBA) or your broker's app with UPI. The NCDs are credited to your demat account and listed on the exchange after allotment.
Questions and answers
What is the interest rate on Tata Capital Financial Services NCDs?
The coupon is 8.35%–8.85% a year, depending on the series and investor category, for tenors of 3 years–10 years. The series list on this page gives the coupon, tenor and payment frequency of each option.
When does the Tata Capital Financial Services NCD issue open and close?
The issue was open from 13 Aug 2019 to 20 Aug 2019, unless closed early or extended.
What is the minimum investment in the Tata Capital Financial Services NCD issue?
10 (Ten) NCDs (Rs. 10,000) either taken individually or collectively across all series of NCDs and in multiple of 1 NCD (Rs.1000) thereafter.
What is the credit rating of Tata Capital Financial Services NCDs?
Rated CRISIL AAA / Stable & CARE AAA; Stable at the time of the issue. Ratings can change; check the rating agency's latest press release.
Are Tata Capital Financial Services NCDs secured?
The issue is described as: Secured, Redeemable Non-Convertible Debentures and Unsecured Sub-ordinated Redeemable Non-Convertible Debentures. The prospectus gives the security, the asset cover and the debenture trustee.
Other NCD issues
| Issuer | Opened | Coupon | Tenor | Rating | Issue size |
|---|---|---|---|---|---|
| Muthoot Fincorp | 23 Oct 2026 | 8.56%–9.25% | 2 years–6 years | Rated by Crisil, Brickwork | ₹500 crore |
| SMC Global Securities | 5 Oct 2026 | 9.5%–10% | 2 years–5 years | ICRA A | ₹150 crore |
| Nashik Municipal Corporation | 25 Feb 2026 | 8.05% | 3 years–10 years | IND AA+, CRISIL AA+ | ₹200 crore |
| IIFL Finance | 17 Feb 2026 | — | — | — | — |
| Power Finance Corporation | 16 Jan 2026 | 6.85%–7.3% | 5 years–15 years | CRISIL AAA, CARE AAA, ICRA AAA | ₹5,000 crore |
| SMC Global Securities | 16 Oct 2025 | 9.75%–10.25% | 2 years–5 years | ICRA A | ₹150 crore |
| Surat Municipal Corporation | 6 Oct 2025 | 8% | 4 years–5 years | IND AA+, CRISIL AA+ | ₹200 crore |
| Sammaan Capital | 15 Jul 2025 | 8.42%–9.95% | 2 years–10 years | CRISIL AA, ICRA AA | ₹2,000 crore |
Updated 5 Nov 2026, 10:41 pm from the NSE and BSE public issue pages. Methodology and sources
This page is for information only. It is not investment advice, a credit rating or a recommendation to buy, sell or hold any security. Facts are taken from the issuer's own documents and the sources linked on this page; check them with the source before investing.
