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Mahindra and Mahindra Financ… 8.25% Mar 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
8.25%
Per annum
Maturity Date
29 Mar 2028
1.6 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
7.70%
Live, last traded 2026-07-09
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+210 bps
vs 1.6Y G-Sec at 5.60%
Below the median spread for similar-tenor peers
Tenure
1.6 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
29 Mar 2027
Interest Payment
₹8,250.00 / Bond
29 Mar 2028
Principal Payment
₹100,000.00 / Bond

Next 1 coupon + 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 2023-03-29 Matures 2028-03-29

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

Key Metrics
Coupon Rate
8.25%
YTM (Annual)
7.70%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
1.6 Years
Advanced metrics
Modified Duration
1.40 Yrs
Macaulay Duration
1.51 Yrs
Issue Size
₹1,125 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
1.40 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-07-09
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 1.75 percentage points below the median for tracked NCD bonds. (based on 18927 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 16 Jul 2026
Instrument Type
NCD
Issue Date
2023-03-29
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

8.25% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE FULLY PAID DEBENTURES SERIES AD2023 STRPP 2 DATE OF MATURITY 29/03/2028 is a secured, rated, redeemable ncd issued by Mahindra and Mahindra Financial Services Limited. The bond offers a fixed coupon of 8.25% 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
2026-07-09 100.7736 7.7000 None
2026-07-03 100.9864 7.5700 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2025-01-17
Rating Actions History 2 2026-08-14
Secondary-Market Trades 2 NSE OTC (WAP) 2026-07-09
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… 8.25% Mar 2028 NCD?

Mahindra and Mahindra Financ… 8.25% Mar 2028 NCD carries a coupon of 8.25%, paid annual, on a face value of ₹100,000.

When does Mahindra and Mahindra Financ… 8.25% Mar 2028 NCD mature?

Mahindra and Mahindra Financ… 8.25% Mar 2028 NCD matures on 2028-03-29, 1.6 years from today.

What is Mahindra and Mahindra Financ… 8.25% Mar 2028 NCD rated?

Mahindra and Mahindra Financ… 8.25% Mar 2028 NCD is rated AAA by CRISIL. As of 2025-01-17.

Is Mahindra and Mahindra Financ… 8.25% Mar 2028 NCD secured?

Mahindra and Mahindra Financ… 8.25% Mar 2028 NCD is a secured bond.

What yield does Mahindra and Mahindra Financ… 8.25% Mar 2028 NCD currently offer?

The last recorded trade on 2026-07-09 priced Mahindra and Mahindra Financ… 8.25% Mar 2028 NCD at ₹100.77, implying a yield to maturity of 7.70%.

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