M

Mahindra and Mahindra Financ… 8.35% Jan 2034 NCD

Unsecured NCD

Mahindra and Mahindra Financial Services Limited

Unsecured, Taxable, Redeemable NCD

Browse: bonds maturing in 2034

Current YTM
No live YTM available
Coupon Rate
8.35%
Per annum
Maturity Date
16 Jan 2034
7.4 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual) EST
~8.35%
Proxied from coupon — no live trade, not a true YTM
10Y G-Sec Benchmark
6.68%
Reference point, not this bond's tenor
Spread over G-Sec
+153 bps
vs 7.4Y G-Sec at 6.82% *
Below the median spread for similar-tenor peers
Tenure
7.4 Years
Remaining to maturity
Price vs Yield

Price chart data not available

Secondary market trade data is collected over time as bonds trade on BSE/NSE. Needs at least 3 trade dates.
Cashflow Timeline
16 Jan 2027
Interest Payment
₹8,350.00 / Bond
16 Jan 2028
Interest Payment
₹8,350.00 / Bond
16 Jan 2029
Interest Payment
₹8,350.00 / Bond
16 Jan 2030
Interest Payment
₹8,350.00 / Bond
16 Jan 2031
Interest Payment
₹8,350.00 / Bond
16 Jan 2032
Interest Payment
₹8,350.00 / Bond
16 Jan 2033
Interest Payment
₹8,350.00 / Bond
16 Jan 2034
Principal Payment
₹100,000.00 / Bond

Next 7 coupons + principal at maturity · per ₹100,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Rating action: by CRISIL on 2026-08-14 Initial rating: BB by CRISIL on 2026-06-26 Issued 2024-01-16 Matures 2034-01-16

2 rating actions on file since issue — hover a dot for detail.

Key Metrics
Coupon Rate
8.35%
YTM (Annual)
Credit Rating
Remaining Tenure
7.4 Years
Advanced metrics
Modified Duration
5.10 Yrs
Macaulay Duration
5.53 Yrs
Issue Size
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
5.10 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
No recorded trades
Trades (30 Days)
0
Exchange-reported sessions
Security Status
Unsecured
No call option
Observations
  • This bond is unsecured.
  • No public credit rating is available for this bond.
  • No secondary-market trades recorded in the last 30 days.
  • Coupon is 1.65 percentage points below the median for tracked NCD bonds. (based on 18935 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 27 Jun 2026
Instrument Type
NCD
Issue Date
2024-01-16
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

Mahindra and Mahindra Financial Services Limited issued this ncd (8.35% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTRUE SUBORINATED TIER II SERIES AAA2024 DATE OF MATURITY 16/01/2034) carrying a 8.35% p.a. coupon, paid annual. It repays principal on maturity.

Rating Action History 2 actions
DateAgencyActionRatingOutlookRationale
2026-08-14 CRISIL Other View →
2026-06-26 CRISIL Initial BB Stable View →
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 0
Rating Actions History 2 2026-08-14
Secondary-Market Trades 0
Reg52(4) Payment Disclosures 0
  • No public credit rating on file for this bond.
  • No secondary-market trades recorded — YTM figures use the coupon rate as a proxy.
Documents
Entity metadata
Source
nsdl_master_promoted
Last Updated
27 Jun 2026

Risk warning: This page is for informational purposes only. Bond investments carry credit risk, interest rate risk, and liquidity risk. Credit ratings reflect agency opinion at a point in time. Nothing here constitutes investment advice or a recommendation. Verify all details against the issuer's offer document and the exchange. RetailBonds.in is not a SEBI-registered intermediary. See our full disclaimer.

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