Security Name: 8.05% Mahindra and Mahindra Financial Services Limited 24 Jul 2032
ISIN:
INE774D08MM1
Taxable
Tax Category
23 Jul, 2027
Call Date
(2 Yr 4 Mo 26 D to call)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
24 Jul, 2017
Allotment Date
NA
Put Date
01 Apr, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
IPO
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
8.05%
Coupon
Fixed Interest
Coupon Basis
8.0163%
Current Yield
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
Mahindra and Mahindra Financial Services Limited
Mahindra Finance, a non-banking financial company (NBFC), was incorporated in 1991. Mahindra Finance ranks among the larger NBFCs in India, and finances consumer purchases of UVs, LCVs, tractors, cars, and other assets. With over 24,000 employees, Mahindra Finance has a presence in every state in India and a footprint in 85% of its districts. It has a network of over network 1340 offices, serving customers in more than 3, 80,000 villages– that’s one in every two villages in the country.
The ratio in FY24 is 8.99x and it was 8.84x in FY23, indicating increase in debt levels, due to increase in borrowings, debt and the finance cost of the issuer compared to previous years.
Debt/EBITDA
The ratio in FY24 is 1.37x and it was 1.59x in FY23, indicating issuers decrease in ability to service its debt, due to decrease in the profitability of the issuer.
Interest coverage ratio
Recent News
Mahindra Finance aims to nearly double non-vehicle loan book in FY25
Mar 29, 2024 | Mahindra and Mahindra Financial Services Limited
Mahindra Finance's December disbursements up 7% to ₹15,500 crore
Mar 29, 2024 | Mahindra and Mahindra Financial Services Limited
Mahindra & Mahindra Financial Services receives credit ratings from India Ratings & Research
Nov 18, 2024 | Mahindra and Mahindra Financial Services Limited
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STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
Clean Price
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Principal Amount
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BOND VALUE DETAILS
Face Value
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Stamp Duty
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Total Investment
| Cashflow for INE774D08MM1 |
|---|
| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
|---|
| Security Name |
|---|
| 8.05% Mahindra and Mahindra Financial Services Limited 24 Jul 2032 |
| Credit Rating |
|---|
| AAA Stable by IND |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹1,000 |
| Coupon |
|---|
| 8.050000% |
| YTM or YTC |
|---|
| YTC |
| Call Date |
|---|
| 23/07/2027 |
| Security |
|---|
| Unsecured Subordinated Tier 2 |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Feb 25,2025 |
| Principal Amount |
|---|
| ₹1,004.2 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹1,004.2 |
| Price |
|---|
| ₹100.42 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
|---|
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
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