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Mahindra and Mahindra Financ… 7.89% Apr 2028 NCD

AAA Secured NCD

Mahindra and Mahindra Financial Services Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2028

Current YTM
7.70%
Market YTM
Coupon Rate
7.89%
Per annum
Maturity Date
28 Apr 2028
1.7 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
7.70%
Live, last traded 2026-07-13
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+227 bps
vs 1.7Y G-Sec at 5.43%
Below the median spread for similar-tenor peers
Tenure
1.7 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
3 Feb 2027
Interest Payment
₹7,890.00 / Bond
3 Feb 2028
Interest Payment
₹7,890.00 / Bond
28 Apr 2028
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 2025-02-03 Matures 2028-04-28

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

Key Metrics
Coupon Rate
7.89%
YTM (Annual)
7.70%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
1.7 Years
Advanced metrics
Modified Duration
1.48 Yrs
Macaulay Duration
1.59 Yrs
Issue Size
₹750 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
1.48 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-07-13
NSE OTC (WAP)
Trades (30 Days)
0
Exchange-reported sessions
Security Status
Secured
No call option
Observations
  • This bond is secured.
  • No secondary-market trades recorded in the last 30 days.
  • Coupon is 2.11 percentage points below the median for tracked NCD bonds. (based on 18927 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 8 Aug 2026
Instrument Type
NCD
Issue Date
2025-02-03
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

Issued by Mahindra and Mahindra Financial Services Limited, MMFSL-7.8863%-28-4-28-PVT is a secured, rated, ncd paying a 7.89% p.a. coupon annual. The instrument 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
2026-07-13 100.2697 7.7000 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2025-02-28
Rating Actions History 2 2026-08-14
Secondary-Market Trades 1 NSE OTC (WAP) 2026-07-13
Reg52(4) Payment Disclosures 0
Documents
Entity metadata
Source
bse_bonds
Last Updated
8 Aug 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… 7.89% Apr 2028 NCD?

Mahindra and Mahindra Financ… 7.89% Apr 2028 NCD carries a coupon of 7.89%, paid annual, on a face value of ₹100,000.

When does Mahindra and Mahindra Financ… 7.89% Apr 2028 NCD mature?

Mahindra and Mahindra Financ… 7.89% Apr 2028 NCD matures on 2028-04-28, 1.7 years from today.

What is Mahindra and Mahindra Financ… 7.89% Apr 2028 NCD rated?

Mahindra and Mahindra Financ… 7.89% Apr 2028 NCD is rated AAA by CRISIL. As of 2025-02-28.

Is Mahindra and Mahindra Financ… 7.89% Apr 2028 NCD secured?

Mahindra and Mahindra Financ… 7.89% Apr 2028 NCD is a secured bond.

Where does Mahindra and Mahindra Financ… 7.89% Apr 2028 NCD trade?

Mahindra and Mahindra Financ… 7.89% Apr 2028 NCD is listed on BSE.

What yield does Mahindra and Mahindra Financ… 7.89% Apr 2028 NCD currently offer?

The last recorded trade on 2026-07-13 priced Mahindra and Mahindra Financ… 7.89% Apr 2028 NCD at ₹100.27, implying a yield to maturity of 7.70%.

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