Instrument Details

ISIN: INE774D07SV1

Face value

₹1,000

Coupon rate

9.20%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

17.548

Instrument Type

Debenture

Returns

High

Date of Issue

18 Jan 2019

Maturity Date

18 Jan 2027

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

Subordinate Tier 1

Guarantee Type

Non Convertible

About this Bond

MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD SRIIICATI&II9.20NCD18JN27FV1000 LOAUTO21JN19
Mahindra & Mahindra Financial Services Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE774D07SV1, with a face value of ₹1,000 rs on 18Jan19 to raise 17.548 crores. The debt instrument is issued with a coupon rate of 9.20% 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 9.20% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. SERIES III  CATEGORY I & II. DATE OF MATURITY 18/01/2027. 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 22Jan19. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 21Dec18. 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
14 Sep 2023
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Outlook
Stable
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Seniority in Repayment
Subordinate Tier 1
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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
₹1,000
Lot Size
100
Minimum Investment
₹1,00,000

Cashflow

₹1,00,000
18-Jan-19 : Your investment
₹9,200
18-Jan-20 : Interest
₹9,200
18-Jan-21 : Interest
₹9,200
18-Jan-22 : Interest
₹9,200
18-Jan-23 : Interest
₹9,200
18-Jan-24 : Interest
₹9,200
18-Jan-25 : Interest
₹9,200
18-Jan-26 : Interest
₹9,200
18-Jan-27 : Interest
₹1,73,600
18-Jan-27 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹73,600)

Summary

Instrument Attributes

Value

Coupon Rate

9.20%

Returns

High

Bond Rating

AAA

Seniority in Repayment

Subordinate Tier 1

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 INE774D07SV1 issued by Mahindra & Mahindra Financial Services Ltd

The instrument name of INE774D07SV1 ISIN is MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD SRIIICATI&II9.20NCD18JN27FV1000 LOAUTO21JN19.
The interest earned from INE774D07SV1 bond issued by Mahindra & Mahindra Financial Services Ltd is paid Annually, ensuring regular and consistent income for investors.
This INE774D07SV1 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 9.2%, which determines the periodic interest payments made to bondholders.
The INE774D07SV1 Debenture is issued by Mahindra & Mahindra Financial Services Ltd, a Private Sector company.