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Instrument Details

ISIN: INE774D08LR2

Face value

₹1,000

Coupon rate

8.44%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

5.24

Instrument Type

Debenture

Returns

High

Date of Issue

06 Jun 2016

Maturity Date

06 Jun 2023

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD SR-II8.44ncd 06JU23FVRS1000LOAUPTO24JL16
Mahindra & Mahindra Financial Services Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE774D08LR2, with a face value of ₹1,000 rs on 06Jun16 to raise 5.24 crores. The debt instrument is issued with a coupon rate of 8.44% and its interest is paid Quarterly. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Unsecured Debenture is 8.44% (CATEGORY I & II) UNSECURED REDEEMABLE NON CONVERTIBLE SUBORDINATED DEBENTURES. SERIES II. LETTER OF ALLOTMENT. DATE OF MATURITY 06/06/2023. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 09Jun16. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 28Mar16. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AAA
Highest Safety
AAA
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Date Verified
18 Apr 2023
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Outlook
Stable
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Seniority in Repayment
Subordinate Tier 2
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Security
Unsecured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹1,000
Lot Size
100
Minimum Investment
₹1,00,000

Cashflow

₹1,00,000
06-Jun-16 : Your investment
₹2,110
06-Sep-16 : Interest
₹2,110
06-Dec-16 : Interest
₹2,110
06-Mar-17 : Interest
₹2,110
06-Jun-17 : Interest
₹2,110
06-Sep-17 : Interest
₹2,110
06-Dec-17 : Interest
₹2,110
06-Mar-18 : Interest
₹2,110
06-Jun-18 : Interest
₹2,110
06-Sep-18 : Interest
₹2,110
06-Dec-18 : Interest
₹2,110
06-Mar-19 : Interest
₹2,110
06-Jun-19 : Interest
₹2,110
06-Sep-19 : Interest
₹2,110
06-Dec-19 : Interest
₹2,110
06-Mar-20 : Interest
₹2,110
06-Jun-20 : Interest
₹2,110
06-Sep-20 : Interest
₹2,110
06-Dec-20 : Interest
₹2,110
06-Mar-21 : Interest
₹2,110
06-Jun-21 : Interest
₹2,110
06-Sep-21 : Interest
₹2,110
06-Dec-21 : Interest
₹2,110
06-Mar-22 : Interest
₹2,110
06-Jun-22 : Interest
₹2,110
06-Sep-22 : Interest
₹2,110
06-Dec-22 : Interest
₹2,110
06-Mar-23 : Interest
₹2,110
06-Jun-23 : Interest
₹1,59,080
06-Jun-23 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹59,080)

Summary

Instrument Attributes

Value

Coupon Rate

8.44%

Returns

High

Bond Rating

AAA

Seniority in Repayment

Subordinate Tier 2

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE774D08LR2 issued by Mahindra & Mahindra Financial Services Ltd

The instrument name of INE774D08LR2 ISIN is MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD SR-II8.44ncd 06JU23FVRS1000LOAUPTO24JL16.
The interest earned from INE774D08LR2 bond issued by Mahindra & Mahindra Financial Services Ltd is paid Quarterly, ensuring regular and consistent income for investors.
This INE774D08LR2 bond issued by Mahindra & Mahindra Financial Services Ltd has been assigned a credit rating of AAA by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 8.44%, which determines the periodic interest payments made to bondholders.
The INE774D08LR2 Debenture is issued by Mahindra & Mahindra Financial Services Ltd, a Private Sector company.
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