Instrument Details

ISIN: INE774D07UH6

Face value

₹10,00,000

Coupon rate

6.25%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

300

Instrument Type

Debenture

Returns

Medium

Date of Issue

27 Jan 2022

Maturity Date

28 Jul 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 SR AA2022 6.25 NCD 28JL25 FVRS10LAC
Mahindra & Mahindra Financial Services Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE774D07UH6, with a face value of ₹10,00,000 rs on 27Jan22 to raise 300 crores. The debt instrument is issued with a coupon rate of 6.25% 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 6.25% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES AA2022.DATE OF MATURITY 28/07/2025. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 31Jan22. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 07Dec21. 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
27-Jan-22 : Your investment
₹62,50,000
27-Jan-23 : Interest
₹62,50,000
27-Jan-24 : Interest
₹62,50,000
27-Jan-25 : Interest
₹31,33,561
28-Jul-25 : Interest
₹12,18,83,561
28-Jul-25 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹2,18,83,561)

Summary

Instrument Attributes

Value

Coupon Rate

6.25%

Returns

Medium

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 INE774D07UH6 issued by Mahindra & Mahindra Financial Services Ltd

The instrument name of INE774D07UH6 ISIN is MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD SR AA2022 6.25 NCD 28JL25 FVRS10LAC.
The interest earned from INE774D07UH6 bond issued by Mahindra & Mahindra Financial Services Ltd is paid Annually, ensuring regular and consistent income for investors.
This INE774D07UH6 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 6.25%, which determines the periodic interest payments made to bondholders.
The INE774D07UH6 Debenture is issued by Mahindra & Mahindra Financial Services Ltd, a Private Sector company.