Instrument Details

ISIN: INE774D08LC4

Face value

₹10,00,000

Coupon rate

9.80%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

40

Instrument Type

Debenture

Returns

High

Date of Issue

17 Jan 2013

Maturity Date

17 Jan 2023

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD SR-ZZZ 9.8 NCD 17JN23 FVRS10LAC LOAUPTO01FB13
Mahindra & Mahindra Financial Services Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE774D08LC4, with a face value of ₹10,00,000 rs on 17Jan13 to raise 40 crores. The debt instrument is issued with a coupon rate of 9.80% 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 Unsecured Debenture is 9.8% UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES ZZZ. LETTER OF ALLOTMENT. DATE OF MATURITY 17/01/2023.. 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 30Jan13. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 10Sep12. 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
02 Nov 2022
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Outlook
Stable
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Seniority in Repayment
Subordinate Tier 2
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Security
Unsecured
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
17-Jan-13 : Your investment
₹98,00,000
17-Jan-14 : Interest
₹98,00,000
17-Jan-15 : Interest
₹98,00,000
17-Jan-16 : Interest
₹98,00,000
17-Jan-17 : Interest
₹98,00,000
17-Jan-18 : Interest
₹98,00,000
17-Jan-19 : Interest
₹98,00,000
17-Jan-20 : Interest
₹98,00,000
17-Jan-21 : Interest
₹98,00,000
17-Jan-22 : Interest
₹98,00,000
17-Jan-23 : Interest
₹19,80,00,000
17-Jan-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹9,80,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

9.80%

Returns

High

Bond Rating

AAA

Seniority in Repayment

Subordinate Tier 2

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 INE774D08LC4 issued by Mahindra & Mahindra Financial Services Ltd

The instrument name of INE774D08LC4 ISIN is MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD SR-ZZZ 9.8 NCD 17JN23 FVRS10LAC LOAUPTO01FB13.
The interest earned from INE774D08LC4 bond issued by Mahindra & Mahindra Financial Services Ltd is paid Annually, ensuring regular and consistent income for investors.
This INE774D08LC4 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 9.8%, which determines the periodic interest payments made to bondholders.
The INE774D08LC4 Debenture is issued by Mahindra & Mahindra Financial Services Ltd, a Private Sector company.