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0% Mahindra & Mahindra Financial Services Ltd - AAA Rated (INE774D07UK0)
In-activePrivate SectorSecured
Instrument Details
ISIN: INE774D07UK0
Face value
₹10,00,000
Coupon rate
0%
Payment
Never
Tax Type
Taxable
Issue Size (Cr)
300
Instrument Type
Debenture
Returns
Low
Date of Issue
14 Jul 2022
Maturity Date
14 Feb 2024
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 AD2022 NCD 14FB24 FVRS10LAC
Mahindra & Mahindra Financial Services Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture,
having ISIN value as INE774D07UK0, with a face value of ₹10,00,000 rs on 14Jul22 to raise 300 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 SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES AD2022. DATE OF MATURITY 14/02/2024.. 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 19Jul22. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to
this Debenture on 16Jun22. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.
Rating (Debt Quality)
Summary
Instrument Attributes
Value
Coupon Rate
0%
Returns
Low
Bond Rating
AAA
Seniority in Repayment
Senior
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
HEAD OFFICE
Mumbai
SECTOR
Financial Services
ISSUER OWNERSHIP
Private Sector
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FAQs about INE774D07UK0 issued by Mahindra & Mahindra Financial Services Ltd
What is the instrument name of INE774D07UK0 ISIN?
The instrument name of INE774D07UK0 ISIN is MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD SR AD2022 NCD 14FB24 FVRS10LAC.
How frequently is the interest paid on INE774D07UK0 bond issued by Mahindra & Mahindra Financial Services Ltd?
Never, as INE774D07UK0 bond issued by Mahindra & Mahindra Financial Services Ltd is a Zero-coupon bond.
What is the credit rating of the INE774D07UK0 bond issued by Mahindra & Mahindra Financial Services Ltd?
This INE774D07UK0 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.
What is the coupon rate of INE774D07UK0 bond issued by Mahindra & Mahindra Financial Services Ltd?
The coupon rate of INE774D07UK0 bond issued by Mahindra & Mahindra Financial Services Ltd is 0%.
Who is the issuer of INE774D07UK0 Debenture?
The INE774D07UK0 Debenture is issued by Mahindra & Mahindra Financial Services Ltd, a Private Sector company.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
