Loan & Debt28 Apr 2026, 12:52 pm
Mahindra Finance allots ₹500 Cr NCDs at 7.71% coupon
AI Summary
Mahindra & Mahindra Financial Services Ltd (Mahindra Finance) has successfully allotted 50,000 Listed, Secured, Rated, Redeemable Non-convertible Debentures (NCDs) on a private placement basis. Each NCD has a face value of ₹1,00,000, issued at par, bringing the total subscription amount to ₹500 Crore. These NCDs carry a fixed coupon rate of 7.71% per annum and are slated for listing on the Wholesale Debt Market Segment of BSE Limited. The Debenture Allotment Committee approved this issuance today, following successful bidding on the BSE Bond-EBP Platform.
Key Highlights
- Mahindra Finance allotted ₹500 Crore in NCDs.
- 50,000 NCDs issued at ₹1,00,000 face value each.
- NCDs carry a fixed coupon rate of 7.71% p.a.
- Issued on a private placement basis to identified investors.
- The NCDs will be listed on BSE's Wholesale Debt Market.
Price Impact
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