|Issuer Name||MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD|
|Issuer Description||Mahindra & Mahindra Financial Services Limited (MMFSL) is a rural NBFC headquartered in Mumbai, India. It is amongst the top tractor financers in India and offers a wide range of financial products to address varied customer requirements. The NBFC has 1000+ offices spread over 1 in every 3 villages across India with a total of more than 4.7 million customers to date.
Mahindra Finance started on 1 January 1991, as Maxi Motors Financial Services Limited. They received the certificate of commencement of business on 19 February 1991. On 3 November 1992, Mahindra Finance changed their name to Mahindra & Mahindra Financial Services Limited. Mahindra Finance is registered with the Reserve Bank of India as an asset finance, deposit taking NBFC.
|Price||[Payable Amount is 1,000,000 * Price / 100] + [Accrued Interest of number of days since last Interest Payment Date]|
|Order Type||Multiples of INR 1,000,000.00 only|
|Issuer Rating||AAA by IND & AAA/Stable by CARE|
|NRI Eligible||This bond is not eligible for NRI’s to invest|
9% MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD 2026
Redemption Date: 06 June 2026
Interest Frequency: Annual
Interest Date: 06 June
Face Value: INR 1,000.00
Note: As per latest notification from the Ministry of Finance, a stamp duty of 0.0001% will be applicable on all bond transactions with effect from 1st April 2020.