(Unsecured Subordinated Redeemable Non-Convertible Debentures)

Mahindra & Mahindra Financial Services Limited (MMFSL) commenced its journey in the rural non-banking finance industry. It raise public issue of Secured NCDs for an amount up to Rs. 250 Crores (Base Issue Size) with an option to retain over subscription up to Rs. 1,750 Crores aggregating upto Rs. 2,000 Crores. The NCDs will be eligible for Tier II Capital.

Mahindra & Mahindra Financial Services Limited (MMFSL) NCD Issue:-

Issue Size: Rs. 250 Crores (Base Issue Size) with an option to retain over subscription up to Rs. 1,750 Crores aggregating upto Rs. 2,000 Crores.

Issuer: Mahindra & Mahindra Financial Services Limited (MMFSL)

Issue opens: Monday, July 10, 2017

Issue closes: Friday, July 28, 2017

Allotment: First Come First Serve Basis

Face Value: Rs. 1000 per NCD

Issue Price: Rs. 1000 per NCD

Nature of Instrument: Unsecured Subordinated Redeemable Non-Convertible Debentures

Minimum Application: Rs. 10,000 (10 NCD’s) and in multiple of Rs. 1,000 (1 NCD) thereafter across all Series

Listing: BSE

Rating:

  • ‘IND AAA’/ Outlook Stable’ by India Ratings & Research Private Ltd
  • ‘BWR AAA’, Outlook Stable’ by Brickwork Ratings

 

Coupon Rate & Effective Yield (% p.a.) for :

Series I II III
Tenor 7 Years 10 Years 15 Years
Frequency of Interest payment Annual Annual Annual
Category I & Category II 7.76 7.91 7.95
Category III & Category IV 7.86 8.01 8.05

For Mahindra & Mahindra Financial Services Limited NCD details, Latest News, Issue date, Issue price, Face Value, Allotment, Listing, Bidding, Subscription, Application form, Interest rate & other related information submit your details Below:

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