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8.35% Mahindra & Mahindra Financial Services Limited 2034

active
non convertible debentures
Unsecured
ISIN
INE774D08MW0

Investment Details

Key Terms
Minimum Investment
₹10,57,815.07
For Settlement Date Jun 15, 2026
Maturity Date
15 Jan 2034
7 Years 7 Months 3 Days
Payment Frequency
annually
Coupon Rate
8.35 %
fixed
Financial Details
Coupon Type
fixed
Yield to maturity
7.91% p.a
Current Yield
8.16%
Clean Price
₹102.35
Dirty Price
₹105.78
Bond Details
Issue Size
N/A
Base Issue Size
N/A
Greenshoe Option Size
N/A
Issue Closes
N/A
Issue Type
corporate
Face Value
₹1,00,000.00
Listed
Yes
Allotment Mode
N/A
Mode OF Issue
private placement
Settlement Date
Jun 15, 2026
Coupon Type
fixed
Call Date
N/A
Put Date
N/A
Tier
N/A
Perpetual
No
Issue Date
15 Jan 2024
Risk Factor
Tax Type
Taxable
Tax Free
Mode of Issue
Public
Private
Seniority
Non-Senior
Senior
Security
Unsecured
Secured
Issue Managers
Current MD/CEO
C B Bhave
Debenture Trustee
Axis Trustee Services Limited

Credit Rating

Instrument Rating
AAA
Rating Rationale (CARE)
Download Details
Rating Date
09/10/24
Outlook
stable

Cash Flow

Investment Amount
₹10,57,815.07
Settlement Date
Payment Term
annually
Units
10
Repayment Schedule
Download
Date
Interest (8.35%)
Principal
Jan 16, 2027
₹83,500.00
-
Jan 16, 2028
₹83,500.00
-
Jan 16, 2029
₹83,500.00
-
Jan 16, 2030
₹83,500.00
-
Jan 16, 2031
₹83,500.00
-
Jan 16, 2032
₹83,500.00
-
Jan 16, 2033
₹83,500.00
-
Jan 16, 2034
₹83,500.00
₹10,00,000.00
Net Returns
₹6,68,000.00
₹10,00,000.00
Gross Returns(Interest Earned + Total Principal)
₹16,68,000.00

Documents

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Debt Quality

Security
This bond is UNSECURED
Seniority
In case of default, the bond holders will be considered 'Subordinate Tier 2' for payment
Listed
It got listed on exchange on Mar 05, 2024

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
Know More
Industry
NBFC Retail
Year Founded
1991
Sector
N/A
Ownership
N/A
Head Office
Mumbai
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Investment Calculator

10 units
₹17,25,815.07Total Returns
Invested Amount
₹10,57,815.07
Earned Interest
₹6,68,000.00
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Standard Disclaimer
Investment in securities market are subject to market risks, read all the related documents carefully before investing.
Registration Details
JM Financial Services Ltd.
Corporate Identity Number: U67120MH1998PLC115415
https://www.jmfinancialservices.in
Registered Office
JM Financial Services Limited, 7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025.
Tel.: (022) 6630 3030. Fax: (022) 6630 3223
Corporate Office
JM Financial Services Limited, 5th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025.
Tel.: (022) 6704 0404. Fax: (022) 6704 3139
Standard Disclaimer
Fixed returns do not constitute guaranteed or assured returns. Investments in corporate debt securities, municipal debt securities/securitised debt instruments are subject to credit risks, market risks and default risks including delay and/or default in payment. Read all the offer related documents carefully
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