Security Name: 9.18% Mahindra Rural Housing Finance 01 Jun 2028
ISIN:
INE950O07248
Taxable
Tax Category
01 Jun, 2028
Maturity Date
(3 Yr 5 Mo 3 D to mature)
Yearly
Interest Payment Frequency
No
NRI Eligibility
01 Jun, 2018
Allotment Date
NA
Put Date
01 Jun, 2025
Next Interest Payment Date
14 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
9.18%
Coupon
Fixed Interest
Coupon Basis
NaN%
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 Rural Housing Finance Limited
Incorporated in April 2007, Mahindra Rural Housing Finance Ltd. (MRHFL) is a housing finance company. It provides very low-ticket housing loans with presence predominantly in rural and semi-urban areas. Being one of the pioneers in the rural housing finance business in India, the company intends to leverage its understanding and experience in rural markets by providing housing loans to untapped segments.
The ratio in FY24 is 10.25x and it was 11.01x in FY23, indicating decrease in the debt levels, due to decrease in borrowings of the issuer FY24.
Debt/EBITDA
The ratio in FY24 is 1.01x and it was 1.05x in FY23, indicating a slight dip in the issuer's debt servicing ability, due to significant decrease in profitability in FY24.
Interest coverage ratio
Recent News
Nucleus Software gains over 4% on partnership with Mahindra Rural Housing Finance
Mar 27, 2024 | Mahindra Rural Housing Finance Limited
Mahindra Finance To Focus On Affordable Housing As Rural Business Takes A Hit Read more at
Mar 27, 2024 | Mahindra Rural Housing Finance Limited
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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.
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Total Investment
| Cashflow for INE950O07248 |
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| 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). |
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| Security Name |
|---|
| 9.18% Mahindra Rural Housing Finance 01 Jun 2028 |
| Credit Rating |
|---|
| AAA Stable by CRISIL AA + /Stable by IND |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹10,00,000 |
| Coupon |
|---|
| 9.180000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
|---|
| 01/06/2028 |
| Security |
|---|
| Senior Secured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
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| Principal Amount |
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| ₹NaN |
| Accrued Interest |
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| ₹NaN |
| Stamp Duty |
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| ₹0 |
| Total Amount Payable |
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| ₹NaN |
| Price |
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Quote Not Available for purchase
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.
