M

Mahindra and Mahindra Financ… 8.18% May 2029 NCD

AAA Secured NCD

Mahindra and Mahindra Financial Services Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2029

Current YTM
8.00%
Market YTM
Coupon Rate
8.18%
Per annum
Maturity Date
31 May 2029
2.8 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
8.00%
Live, last traded 2026-08-20
10Y G-Sec Benchmark
6.68%
Reference point, not this bond's tenor
Spread over G-Sec
+187 bps
vs 2.8Y G-Sec at 6.13%
Below the median spread for similar-tenor peers
Tenure
2.8 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-22 2026-08-20
Cashflow Timeline
31 May 2027
Interest Payment
₹8,180.00 / Bond
31 May 2028
Interest Payment
₹8,180.00 / Bond
31 May 2029
Principal Payment
₹100,000.00 / Bond

Next 2 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 2024-05-31 Matures 2029-05-31

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

Key Metrics
Coupon Rate
8.18%
YTM (Annual)
8.00%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
2.8 Years
Advanced metrics
Modified Duration
2.35 Yrs
Macaulay Duration
2.53 Yrs
Issue Size
₹2,275 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
2.35 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-20
NSE OTC (WAP)
Trades (30 Days)
4
Exchange-reported sessions
Security Status
Secured
No call option
Observations
  • This bond is secured.
  • 4 secondary-market trades recorded in the last 30 days.
  • Coupon is 1.82 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
2024-05-31
Day Count Convention
30/360
Listed Exchange
Call / Put Option
Puttable

8.18% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE SERIES AB2024 DATE OF MATURITY 31/05/2029. is a secured, rated, redeemable ncd issued by Mahindra and Mahindra Financial Services Limited. The bond offers a fixed coupon of 8.18% 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
2026-08-20 100.3584 8.0000 None
2026-08-19 100.5047 7.9400 None
2026-08-03 100.6443 7.8900 None
2026-07-29 100.6502 7.8900 None
2026-07-23 100.4101 7.9700 None
2026-07-22 100.4101 7.9950 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2024-05-17
Rating Actions History 2 2026-08-14
Secondary-Market Trades 6 NSE OTC (WAP) 2026-08-20
Reg52(4) Payment Disclosures 0
Documents
Entity metadata
Source
nsdl_master_promoted
Last Updated
16 Jul 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.

Frequently Asked Questions
What is the coupon rate on Mahindra and Mahindra Financ… 8.18% May 2029 NCD?

Mahindra and Mahindra Financ… 8.18% May 2029 NCD carries a coupon of 8.18%, paid annual, on a face value of ₹100,000.

When does Mahindra and Mahindra Financ… 8.18% May 2029 NCD mature?

Mahindra and Mahindra Financ… 8.18% May 2029 NCD matures on 2029-05-31, 2.8 years from today.

What is Mahindra and Mahindra Financ… 8.18% May 2029 NCD rated?

Mahindra and Mahindra Financ… 8.18% May 2029 NCD is rated AAA by CRISIL. As of 2024-05-17.

Is Mahindra and Mahindra Financ… 8.18% May 2029 NCD secured?

Mahindra and Mahindra Financ… 8.18% May 2029 NCD is a secured bond.

Can Mahindra and Mahindra Financ… 8.18% May 2029 NCD be called or put back early?

Mahindra and Mahindra Financ… 8.18% May 2029 NCD is puttable -- holders may require the issuer to repurchase it on scheduled put dates.

What yield does Mahindra and Mahindra Financ… 8.18% May 2029 NCD currently offer?

The last recorded trade on 2026-08-20 priced Mahindra and Mahindra Financ… 8.18% May 2029 NCD at ₹100.36, implying a yield to maturity of 8.00%.

More Bonds from This Issuer
M
Mahindra and Mahindra Fina… 7.99% Sep 2026 NCD
AAA
Coupon
7.99%
Maturity
15 Sep 2026
9
Mahindra and Mahindra Fina… 9.20% Jan 2027 NCD
AAA
Coupon
9.20%
Maturity
18 Jan 2027
9
Mahindra and Mahindra Fina… 9.30% Jan 2027 NCD
AAA
Coupon
9.30%
Maturity
18 Jan 2027
M
Mahindra and Mahindra Fina… 8.25% Mar 2027 NCD
AAA
Coupon
8.25%
Maturity
25 Mar 2027
Compare (/) Compare Bonds

← Back to screener