Loan & Debt18 Jun 2026, 03:05 pm
M&M Finance Allots ₹935 Cr NCDs at 7.90% Coupon
AI Summary
Mahindra & Mahindra Financial Services Ltd. has successfully allotted Non-convertible Debentures (NCDs) worth ₹935.01 crore on a private placement basis. The allotment, approved by the Debenture Allotment Committee, includes a base issue size of ₹500 crore and a green shoe subscription of ₹435 crore. These Secured, Rated, Listed Redeemable NCDs carry a fixed coupon rate of 7.90% per annum and are intended for listing on the Wholesale Debt Market Segment of BSE Limited. The issuance was facilitated through the BSE Bond-EBP Platform.
Key Highlights
- Allotted ₹935.01 crore in Secured, Rated, Listed Redeemable NCDs.
- Fixed coupon rate of 7.90% per annum.
- Includes ₹500 crore base issue and ₹435 crore green shoe.
- NCDs to be listed on BSE Wholesale Debt Market.
- Private placement via BSE Bond-EBP Platform.
Price Impact
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