In case of default, the bond holders will be considered 'Subordinate Tier 2' for payment
Listed
It got listed on exchange on Jul 27, 2017
Issuer
Mahindra & Mahindra Financial Services Limited
Issuer Highlights
Mahindra Finance began as a captive financier of Mahindra Utility Vehicles in the early 90s. From Mahindra UVs to tractors to non-Mahindra products, the company has diversified into a financial services provider with a whole suite of financial solutions tailored to the under-served customer in under-penetrated rural markets
Their portfolio consists of vehicle finance, which includes financing of passenger vehicles, utility vehicles, tractors, commercial vehicles, construction equipment; and pre-owned vehicles and SME finance, which includes project finance, equipment finance, working capital finance and bill discounting services to SMEs