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Instrument Details

ISIN: INE774D07TE5

Face value

₹10,00,000

Coupon rate

0%

Payment

Never

Tax Type

Taxable

Issue Size (Cr)

400

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

30 May 2019

Maturity Date

30 May 2023

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

None

Guarantee Type

Non Convertible

About this Bond

MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD SR AF2019 NCD 30MY23 FVRS10LAC LOAUPTO02JU19
Mahindra & Mahindra Financial Services Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE774D07TE5, with a face value of ₹10,00,000 rs on 30May19 to raise 400 crores. The debt instrument is issued with a coupon rate of 0% and its interest is paid Never. 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 ZERO COUPON SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. SERIES AF2019. DATE OF MATURITY 30/05/2023. 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 03Jun19. 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
18 Apr 2023
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Outlook
Stable
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Seniority in Repayment
None
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

0%

Returns

Linked to Markets

Bond Rating

AAA

Seniority in Repayment

None

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
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FAQs about INE774D07TE5 issued by Mahindra & Mahindra Financial Services Ltd

The instrument name of INE774D07TE5 ISIN is MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD SR AF2019 NCD 30MY23 FVRS10LAC LOAUPTO02JU19.
Never, as INE774D07TE5 bond issued by Mahindra & Mahindra Financial Services Ltd is a Zero-coupon bond.
This INE774D07TE5 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.
The coupon rate of INE774D07TE5 bond issued by Mahindra & Mahindra Financial Services Ltd is 0%.
The INE774D07TE5 Debenture is issued by Mahindra & Mahindra Financial Services Ltd, a Private Sector company.
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