Instrument Details

ISIN: INE774D07MK7

Face value

₹10,00,000

Coupon rate

9%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

500

Instrument Type

Debenture

Returns

High

Date of Issue

24 Jun 2015

Maturity Date

24 Jun 2025

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD 9 NCD 24JU25 FVRS10LAC LOA UPTO 07JL15
Mahindra & Mahindra Financial Services Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE774D07MK7, with a face value of ₹10,00,000 rs on 24Jun15 to raise 500 crores. The debt instrument is issued with a coupon rate of 9% 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 Secured Debenture is 9% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. SERIES BP2015. DATE OF MATURITY 24/06/2025. 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 01Jul15. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 22Jun15. 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
27 Feb 2024
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Outlook
Stable
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Seniority in Repayment
Senior
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Security
Secured
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
24-Jun-15 : Your investment
₹90,00,000
24-Jun-16 : Interest
₹90,00,000
24-Jun-17 : Interest
₹90,00,000
24-Jun-18 : Interest
₹90,00,000
24-Jun-19 : Interest
₹90,00,000
24-Jun-20 : Interest
₹90,00,000
24-Jun-21 : Interest
₹90,00,000
24-Jun-22 : Interest
₹90,00,000
24-Jun-23 : Interest
₹90,00,000
24-Jun-24 : Interest
₹90,00,000
24-Jun-25 : Interest
₹19,00,00,000
24-Jun-25 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹9,00,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

9%

Returns

High

Bond Rating

AAA

Seniority in Repayment

Senior

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 INE774D07MK7 issued by Mahindra & Mahindra Financial Services Ltd

The instrument name of INE774D07MK7 ISIN is MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD 9 NCD 24JU25 FVRS10LAC LOA UPTO 07JL15.
The interest earned from INE774D07MK7 bond issued by Mahindra & Mahindra Financial Services Ltd is paid Annually, ensuring regular and consistent income for investors.
This INE774D07MK7 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 9%, which determines the periodic interest payments made to bondholders.
The INE774D07MK7 Debenture is issued by Mahindra & Mahindra Financial Services Ltd, a Private Sector company.