Mahindra Finance issues ₹2,000 crore NCDs at 7.95% coupon
pre-market1 source ↓written by the desknot a recommendation
- in secured
- ₹2,000 crore
- annual coupon
- 7.95%
- base size
- ₹1,000 crore
- and are expected
- 28 Sep 2029
Mahindra & Mahindra Financial Services Ltd has approved the issuance of ₹2,000 crore in secured, redeemable non-convertible debentures (NCDs) with a 7.95% annual coupon. The base size is ₹1,000 crore, with an option for an additional ₹1,000 crore. These NCDs will mature on 28 Sep 2029 and are expected to enhance liquidity for the company.
The NCDs will be listed on the BSE's Wholesale Debt Market Segment, potentially attracting institutional investors looking for fixed income options.
Not investment advice. For informational purposes only.