Instrument Details

ISIN: INE950O08162

Face value

₹10,00,000

Coupon rate

9%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

100

Instrument Type

Debenture

Returns

High

Date of Issue

21 Jan 2020

Maturity Date

21 Jan 2030

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (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 RURAL HOUSING FINANCE LIMITED MRHFL-AAA2019 9 NCD21JN30 10LAC LOAUPTO21JN20
Mahindra Rural Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE950O08162, with a face value of ₹10,00,000 rs on 21Jan20 to raise 100 crores. The debt instrument is issued with a coupon rate of 9% 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% UNSECURED LISTED RATED REDEEMABLE NON CONVERTIBLE SUBORDINATED DEBENTURES. SERIES MRHFL-AAA2019. LETTER OF ALLOTMENT. DATE OF MATURITY 21/01/2030. 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 28Jan20. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 19Nov19. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AA
High Safety
AA+
check
Date Verified
22 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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
21-Jan-20 : Your investment
₹90,00,000
21-Jan-21 : Interest
₹90,00,000
21-Jan-22 : Interest
₹90,00,000
21-Jan-23 : Interest
₹90,00,000
21-Jan-24 : Interest
₹90,00,000
21-Jan-25 : Interest
₹90,00,000
21-Jan-26 : Interest
₹90,00,000
21-Jan-27 : Interest
₹90,00,000
21-Jan-28 : Interest
₹90,00,000
21-Jan-29 : Interest
₹90,00,000
21-Jan-30 : Interest
₹19,00,00,000
21-Jan-30 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹9,00,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

9%

Returns

High

Bond Rating

AA+

Seniority in Repayment

Subordinate Tier 2

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Housing Finance Company
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE950O08162 issued by Mahindra Rural Housing Finance Limited

The instrument name of INE950O08162 ISIN is MAHINDRA RURAL HOUSING FINANCE LIMITED MRHFL-AAA2019 9 NCD21JN30 10LAC LOAUPTO21JN20.
The interest earned from INE950O08162 bond issued by Mahindra Rural Housing Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE950O08162 bond issued by Mahindra Rural Housing Finance Limited has been assigned a credit rating of AA+ 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%, which determines the periodic interest payments made to bondholders.
The INE950O08162 Debenture is issued by Mahindra Rural Housing Finance Limited, a Private Sector company.