Loan & Debt29 Sept 2026, 12:41 pm
Mahindra Finance Allots ₹1250 Cr NCDs at 7.95% Fixed Coupon
AI Summary
Mahindra & Mahindra Financial Services Ltd has successfully allotted 125,000 Secured, Rated, Listed Redeemable Non-convertible Debentures (NCDs) worth ₹1250 Crore on a private placement basis. The allotment, approved by the Debenture Allotment Committee, includes a base issue size of ₹1000 Crore and a green shoe option of ₹250 Crore. These NCDs carry a fixed coupon rate of 7.95% per annum and are proposed to be listed on the BSE Limited's Wholesale Debt Market Segment. The issuance was facilitated through the BSE Bond-EBP Platform.
Key Highlights
- Allotment of ₹1250 Crore in NCDs completed.
- Fixed coupon rate set at 7.95% per annum.
- NCDs are secured, rated, listed, and redeemable.
- Private placement issuance via BSE Bond-EBP Platform.
- Funds raised through base issue and green shoe option.
Price Impact
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