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Mahindra and Mahindra Financ… 7.45% Nov 2031 NCD

AAA Secured NCD

Mahindra and Mahindra Financial Services Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2031

Current YTM
7.83%
Market YTM
Coupon Rate
7.45%
Per annum
Maturity Date
17 Nov 2031
5.2 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual)
7.83%
Live, last traded 2026-08-19
10Y G-Sec Benchmark
6.68%
Reference point, not this bond's tenor
Spread over G-Sec
+154 bps
vs 5.2Y G-Sec at 6.29%
Below the median spread for similar-tenor peers
Tenure
5.2 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-02 2026-08-19
Cashflow Timeline
17 Nov 2026
Interest Payment
₹74,500.00 / Bond
17 Nov 2027
Interest Payment
₹74,500.00 / Bond
17 Nov 2028
Interest Payment
₹74,500.00 / Bond
17 Nov 2029
Interest Payment
₹74,500.00 / Bond
17 Nov 2030
Interest Payment
₹74,500.00 / Bond
17 Nov 2031
Principal Payment
₹1,000,000.00 / Bond

Next 5 coupons + principal at maturity · per ₹1,000,000 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 2021-11-17 Matures 2031-11-17

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

Key Metrics
Coupon Rate
7.45%
YTM (Annual)
7.83%
Credit Rating
AAA
(CARE)
Remaining Tenure
5.2 Years
Advanced metrics
Modified Duration
3.95 Yrs
Macaulay Duration
4.26 Yrs
Issue Size
₹900 Cr
Minimum Investment
₹1,000,000
(1 Bond)
Market Characteristics
Modified Duration
3.95 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-19
BSE
Trades (30 Days)
5
Exchange-reported sessions
Security Status
Secured
No call option
Observations
  • This bond is secured.
  • 5 secondary-market trades recorded in the last 30 days.
  • Coupon is 2.55 percentage points below the median for tracked NCD bonds. (based on 18935 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 16 Jul 2026
Instrument Type
NCD
Issue Date
2021-11-17
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

7.45% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES AF2021. DATE OF MATURITY 17/11/2031. is a secured, rated, redeemable ncd issued by Mahindra and Mahindra Financial Services Limited. The bond offers a fixed coupon of 7.45% p.a. with annual interest payments and repays principal on maturity.

Rating Action History 2 actions
DateAgencyActionRatingOutlookRationale
2026-08-14 CRISIL Other View →
2026-06-26 CRISIL Initial BB Stable View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-19 98.3400 7.8300 1
2026-08-18 98.2500 7.8526 None
2026-08-14 98.2500 7.8500 1
2026-08-13 96.4300 8.3000 2
2026-07-31 97.1000 8.1300 1
2026-07-08 98.6400 7.7500 1
2026-07-02 97.3300 7.9500 2
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CARE 2021-11-02
Rating Actions History 2 2026-08-14
Secondary-Market Trades 7 BSE 2026-08-19
Reg52(4) Payment Disclosures 0
Documents
Entity metadata
Source
nsdl_master_promoted
Last Updated
16 Jul 2026

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Frequently Asked Questions
What is the coupon rate on Mahindra and Mahindra Financ… 7.45% Nov 2031 NCD?

Mahindra and Mahindra Financ… 7.45% Nov 2031 NCD carries a coupon of 7.45%, paid annual, on a face value of ₹1,000,000.

When does Mahindra and Mahindra Financ… 7.45% Nov 2031 NCD mature?

Mahindra and Mahindra Financ… 7.45% Nov 2031 NCD matures on 2031-11-17, 5.2 years from today.

What is Mahindra and Mahindra Financ… 7.45% Nov 2031 NCD rated?

Mahindra and Mahindra Financ… 7.45% Nov 2031 NCD is rated AAA by CARE. As of 2021-11-02.

Is Mahindra and Mahindra Financ… 7.45% Nov 2031 NCD secured?

Mahindra and Mahindra Financ… 7.45% Nov 2031 NCD is a secured bond.

What yield does Mahindra and Mahindra Financ… 7.45% Nov 2031 NCD currently offer?

The last recorded trade on 2026-08-19 priced Mahindra and Mahindra Financ… 7.45% Nov 2031 NCD at ₹98.34, implying a yield to maturity of 7.83%.

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