Instrument Details

ISIN: INE101A08096

Face value

₹10,00,000

Coupon rate

6.65%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

1000

Instrument Type

Debenture

Returns

Medium

Date of Issue

20 Apr 2020

Maturity Date

20 Apr 2023

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (ICRA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

MAHINDRA AND MAHINDRA LIMITED 6.65 NCD 20AP23 FVRS10LAC LOAUPTO28MY20
Mahindra And Mahindra Limited, a Passenger Cars & Utility Vehicles company, has floated Debenture, having ISIN value as INE101A08096, with a face value of ₹10,00,000 rs on 20Apr20 to raise 1000 crores. The debt instrument is issued with a coupon rate of 6.65% 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 6.65% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. DATE OF MATURITY 20/04/2023. 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 05May20. ICRA LIMITED has given AAA rating to this Debenture on 07Aug23. 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
08 Aug 2023
check
Outlook
Stable
logo
Seniority in Repayment
None
logo
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
20-Apr-20 : Your investment
₹66,50,000
20-Apr-21 : Interest
₹66,50,000
20-Apr-22 : Interest
₹66,50,000
20-Apr-23 : Interest
₹11,99,50,000
20-Apr-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹1,99,50,000)

Summary

Instrument Attributes

Value

Coupon Rate

6.65%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Passenger Cars & Utility Vehicles
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Automobile and Auto Components
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE101A08096 issued by Mahindra And Mahindra Limited

The instrument name of INE101A08096 ISIN is MAHINDRA AND MAHINDRA LIMITED 6.65 NCD 20AP23 FVRS10LAC LOAUPTO28MY20.
The interest earned from INE101A08096 bond issued by Mahindra And Mahindra Limited is paid Annually, ensuring regular and consistent income for investors.
This INE101A08096 bond issued by Mahindra And Mahindra Limited has been assigned a credit rating of AAA by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 6.65%, which determines the periodic interest payments made to bondholders.
The INE101A08096 Debenture is issued by Mahindra And Mahindra Limited, a Private Sector company.