The information provided are for general consumption only. Do not construe this as an offer/advice/research to buy/sell any securities

Instrument Details

ISIN: INE774D08MH1

Face value

₹1,000

Coupon rate

7.75%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

50

Instrument Type

Debenture

Returns

Medium

Date of Issue

24 Jul 2017

Maturity Date

24 Jul 2024

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-I 7.75 NCD 24JL24 FVRS1000 LOAUPTO25JL17
Mahindra & Mahindra Financial Services Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE774D08MH1, with a face value of ₹1,000 rs on 24Jul17 to raise 50 crores. The debt instrument is issued with a coupon rate of 7.75% 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 7.75% UNSECURED (CATEGORY I & II) REDEEMABLE NON CONVERTIBLE SUBORDINATED DEBENTURES. SERIES I. LETTER OF ALLOTMENT. DATE OF MATURITY 24/07/2024. 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 27Jul17. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 16Jun17. 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
check
Date Verified
27 Feb 2024
check
Outlook
Stable
logo
Seniority in Repayment
Subordinate Tier 2
logo
Security
Unsecured
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
24-Jul-17 : Your investment
₹7,750
24-Jul-18 : Interest
₹7,750
24-Jul-19 : Interest
₹7,750
24-Jul-20 : Interest
₹7,750
24-Jul-21 : Interest
₹7,750
24-Jul-22 : Interest
₹7,750
24-Jul-23 : Interest
₹7,750
24-Jul-24 : Interest
₹1,54,250
24-Jul-24 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹54,250)

Summary

Instrument Attributes

Value

Coupon Rate

7.75%

Returns

Medium

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 INE774D08MH1 issued by Mahindra & Mahindra Financial Services Ltd

The instrument name of INE774D08MH1 ISIN is MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD SR-I 7.75 NCD 24JL24 FVRS1000 LOAUPTO25JL17.
The interest earned from INE774D08MH1 bond issued by Mahindra & Mahindra Financial Services Ltd is paid Annually, ensuring regular and consistent income for investors.
This INE774D08MH1 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 7.75%, which determines the periodic interest payments made to bondholders.
The INE774D08MH1 Debenture is issued by Mahindra & Mahindra Financial Services Ltd, a Private Sector company.
People

Invest in safer portfolio without compromising returns.

Dezerv Debt PMS strategy designed by our investment experts

Learn more

up arrow