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Instrument Details

ISIN: INE950O08097

Face value

₹10,00,000

Coupon rate

8.99%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

25

Instrument Type

Debenture

Returns

High

Date of Issue

25 Jul 2016

Maturity Date

24 Jul 2026

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (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 RURAL HOUSING FINANCE LIMITED SR-JJJ 8.99 NCD 24JL26FVRS10LACLOAUPTO07AG16
Mahindra Rural Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE950O08097, with a face value of ₹10,00,000 rs on 25Jul16 to raise 25 crores. The debt instrument is issued with a coupon rate of 8.99% and its interest is paid Annually. 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 8.99% UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES MRHFL-JJJ. LETTER OF ALLOTMENT. DATE OF MATURITY 24/07/2026. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 10Aug16. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 06Mar20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AA
High Safety
AA+
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Date Verified
22 Feb 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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
25-Jul-16 : Your investment
₹89,90,000
25-Jul-17 : Interest
₹89,90,000
25-Jul-18 : Interest
₹89,90,000
25-Jul-19 : Interest
₹89,90,000
25-Jul-20 : Interest
₹89,90,000
25-Jul-21 : Interest
₹89,90,000
25-Jul-22 : Interest
₹89,90,000
25-Jul-23 : Interest
₹89,90,000
25-Jul-24 : Interest
₹89,90,000
25-Jul-25 : Interest
₹90,14,630
24-Jul-26 : Interest
₹18,99,24,630
24-Jul-26 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,99,24,630)

Summary

Instrument Attributes

Value

Coupon Rate

8.99%

Returns

High

Bond Rating

AA+

Seniority in Repayment

Subordinate Tier 2

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Housing Finance Company
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE950O08097 issued by Mahindra Rural Housing Finance Limited

The instrument name of INE950O08097 ISIN is MAHINDRA RURAL HOUSING FINANCE LIMITED SR-JJJ 8.99 NCD 24JL26FVRS10LACLOAUPTO07AG16.
The interest earned from INE950O08097 bond issued by Mahindra Rural Housing Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE950O08097 bond issued by Mahindra Rural Housing Finance Limited has been assigned a credit rating of AA+ 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 8.99%, which determines the periodic interest payments made to bondholders.
The INE950O08097 Debenture is issued by Mahindra Rural Housing Finance Limited, a Private Sector company.
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