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Mahindra & Mahindra Financial Services Ltd - AAA Rated (INE774D08MG3)
ActivePrivate SectorUnsecured
Instrument Details
ISIN: INE774D08MG3
Face value
₹1,000
Coupon rate
0%
Payment
on Redemption
Tax Type
Taxable
Issue Size (Cr)
26.9593
Instrument Type
Debenture
Returns
Linked to Markets
Date of Issue
06 Jun 2016
Maturity Date
06 Jun 2026
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-IX NCD06JU26 FVRS1000LOAUPTO24JL16
Mahindra & Mahindra Financial Services Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture,
having ISIN value as INE774D08MG3, with a face value of ₹1,000 rs on 06Jun16 to raise 26.9593 crores. The debt instrument
is issued with a coupon rate of 0% and its interest is paid
on Redemption. 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 UNSECURED (CATEGORY III & IV) REDEEMABLE NON CONVERTIBLE SUBORDINATED DEBENTURES. SERIES IX. LETTER OF ALLOTMENT. DATE OF MATURITY 06/06/2026. 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)
Summary
Instrument Attributes
Value
Coupon Rate
0%
Returns
Linked to Markets
Bond Rating
AAA
Seniority in Repayment
Subordinate Tier 2
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
HEAD OFFICE
Mumbai
SECTOR
Financial Services
ISSUER OWNERSHIP
Private Sector
Other Bonds of Mahindra & Mahindra Financial Services Ltd
FAQs about INE774D08MG3 issued by Mahindra & Mahindra Financial Services Ltd
What is the instrument name of INE774D08MG3 ISIN?
The instrument name of INE774D08MG3 ISIN is MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD SR-IX NCD06JU26 FVRS1000LOAUPTO24JL16.
How frequently is the interest paid on INE774D08MG3 bond issued by Mahindra & Mahindra Financial Services Ltd?
The interest earned from INE774D08MG3 bond issued by Mahindra & Mahindra Financial Services Ltd is paid on Redemption, ensuring regular and consistent income for investors.
What is the credit rating of the INE774D08MG3 bond issued by Mahindra & Mahindra Financial Services Ltd?
This INE774D08MG3 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.
What is the coupon rate of INE774D08MG3 bond issued by Mahindra & Mahindra Financial Services Ltd?
The coupon rate of INE774D08MG3 bond issued by Mahindra & Mahindra Financial Services Ltd is 0%.
Who is the issuer of INE774D08MG3 Debenture?
The INE774D08MG3 Debenture is issued by Mahindra & Mahindra Financial Services Ltd, a Private Sector company.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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