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Mahindra and Mahindra Financial Services 7.71% Mar 2029 NCD (INE774D07VN2)

CRISIL AAA / Stable Secured NCD

Mahindra and Mahindra Financial Services Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2029

39 more bonds from Mahindra and Mahindra Financial Services Limited →
Current YTM
8.63%
Market YTM
Coupon Rate
7.71%
Per annum
Maturity Date
28 Mar 2029
2.4 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,00,000
Per Bond

Market Position

YTM (Annual)
8.63%
Last traded 2 Nov 2026 (end of day)
10Y G-Sec Benchmark
7.19%
Reference point, not this bond's tenor
Spread over G-Sec
+165 bps
vs 2.4Y G-Sec at 6.98%
Below the median spread for similar-tenor peers
Tenure
2.4 Years
Remaining to maturity

Price vs Yield

— Price (Clean) — Yield (YTM)
7 Jul 20262 Nov 2026

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

28 Apr 2027
Interest Payment
₹7,710.00 / Bond
₹6,939.00 net of 10% TDS (est.)
28 Apr 2028
Interest Payment
₹7,710.00 / Bond
₹6,939.00 net of 10% TDS (est.)
28 Mar 2029
Final coupon (part period) + principal
₹1,07,055.18 / Bond
₹7,055.18 coupon + ₹1,00,000 face value

3 coupons remaining, the last paid with principal at maturity · per ₹1,00,000 face value · projected dates

Net amounts are estimates: 10% TDS applies to a resident with PAN once interest from one issuer reaches ₹10,000 in a financial year. Below that, or with Form 15G/15H, no TDS is deducted. Not tax advice.

Bond Timeline

— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 28 Apr 2026 Matures 28 Mar 2029

Key Metrics

Coupon Rate
7.71%
YTM (Annual)
8.63%
Credit Rating
AAA
(CRISIL) · rated 31 May 2026, 5 months ago
Remaining Tenure
2.4 Years
Advanced metrics
Modified Duration
2.00 Yrs
Macaulay Duration
2.17 Yrs
Issue Size
₹1,000 Cr
Minimum Investment
₹1,00,000
1 bond × ₹1,00,000 face value (BSE market lot)

Market Characteristics

Modified Duration
2.00 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2 Nov 2026
BSE
Trades (30 Days)
3
Exchange-reported sessions
Security Status
Secured
No call option

Observations

  • This bond is secured.
  • 3 secondary-market trades recorded in the last 30 days.
  • Coupon is 2.49 percentage points below the median for tracked NCD bonds. (based on 20,403 tracked NCD bonds with a stated coupon)

Structured Overview

Data as of 7 Nov 2026
Instrument Type
NCD
Issue Date
28 Apr 2026
Day Count Convention
ACT/ACT
Listed Exchange
BSE
Call / Put Option
None disclosed

Mahindra and Mahindra Financial Services Limited issued Mahindra and Mahindra Financial Services 7.71% Mar 2029 NCD, a secured, rated NCD. It pays a 7.71% p.a. coupon, annually. Principal is repaid at maturity.

Rating Timeline

2 ratings on file

Every rating we hold for this ISIN, from every agency and source, newest first. NSE listing dates are the day we first saw the rating there, not the agency’s date.

DateAgencyRatingOutlookStatusSource
31 May 2026 CRISIL AAA Stable Latest BSE listing
2026 CRISIL AAA — NSDL record, 2026 NSDL debt master

Rating Action History

1 actions

Agency actions on Mahindra and Mahindra Financial Services Limited and its instruments, not only this bond. Rows marked “This bond” carry this ISIN or an exchange filing that names it.

DateAgencyActionRatingOutlookRationale
2026-08-14 CRISIL Update — — View →
Issuer health card · ratings, payment record, defaults, trading, filings Nothing flagged →

Rating Actions on Mahindra and Mahindra Financial Services Limited

last 12 months

Agencies rate the issuer and its instruments together; an action may cover bank loans or other instruments rather than this bond. This bond marks actions that carry this ISIN or whose exchange filing names it.

DateAgencyActionRatingRationale
2026-08-14 CRISIL Update — View →
Alert me about Mahindra and Mahindra Financial Services Limited An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.

Recent Market Prices

Recent BSE trades for INE774D07VN2: trade date, clean price, YTM and number of trades
Trade DateClean PriceYTM (%)Trades
2026-11-02 98.0000 8.6300 4
2026-10-26 98.5700 8.3500 1
2026-10-23 98.2594 8.5000 —
2026-09-03 99.6556 7.8350 1
2026-07-15 99.4597 7.9200 2
2026-07-09 100.3400 7.5500 1
2026-07-07 100.1480 7.6300 —

Data Coverage

DatasetRecordsDetailFreshness
Credit Ratings 2 CRISIL 2026-05-31
Rating Actions History 1 — 2026-08-14
Secondary-Market Trades 7 BSE 2026-11-02
Reg52(4) Payment Disclosures 0 — —

Documents

Entity metadata
Source
NSDL debt master
Last Updated
7 Nov 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.

Current Price (Clean)
₹98,000.00
YTM8.63%
Trade Date 2 Nov 2026 6d ago
SourceBSE
Accrued interest (est.)₹4,773.86
Dirty price (est.)₹1,02,773.86
View on BSE → Calculate YTM for this bond
Bond Snapshot
ISIN
INE774D07VN2
Issue Date
28 Apr 2026
Maturity Date
28 Mar 2029
Listing
BSE
Payment Frequency
Annual
Put / Call Option
None disclosed
Security
Secured
Day Count
ACT/ACT
View Term Sheet
Rating Alerts

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Frequently Asked Questions
What is the coupon rate on Mahindra and Mahindra Financial Services 7.71% Mar 2029 NCD?

Mahindra and Mahindra Financial Services 7.71% Mar 2029 NCD carries a coupon of 7.71%, paid annual, on a face value of ₹1,00,000.

When does Mahindra and Mahindra Financial Services 7.71% Mar 2029 NCD mature?

Mahindra and Mahindra Financial Services 7.71% Mar 2029 NCD matures on 28 Mar 2029, 2.4 years from today.

What is Mahindra and Mahindra Financial Services 7.71% Mar 2029 NCD rated?

Mahindra and Mahindra Financial Services 7.71% Mar 2029 NCD is rated AAA by CRISIL (rating dated 31 May 2026).

Is Mahindra and Mahindra Financial Services 7.71% Mar 2029 NCD secured?

Mahindra and Mahindra Financial Services 7.71% Mar 2029 NCD is a secured bond.

Where does Mahindra and Mahindra Financial Services 7.71% Mar 2029 NCD trade?

Mahindra and Mahindra Financial Services 7.71% Mar 2029 NCD is listed on BSE.

What yield does Mahindra and Mahindra Financial Services 7.71% Mar 2029 NCD currently offer?

The last recorded trade on 2 Nov 2026 priced Mahindra and Mahindra Financial Services 7.71% Mar 2029 NCD at ₹98,000.00 per bond, implying a yield to maturity of 8.63%.

More Bonds from This Issuer

M
Mahindra and Mahindra Financial Services 9.20% Jan 2027 NCD
INE774D07SV1
AAA NSDL record, 2018
Coupon
9.20%
Maturity
18 Jan 2027
M
Mahindra and Mahindra Financial Services 9.30% Jan 2027 NCD
INE774D07SW9
AAA NSDL record, 2018
Coupon
9.30%
Maturity
18 Jan 2027
M
Mahindra and Mahindra Financial Services 8.25% Mar 2027 NCD
INE774D07VE1
AAA
Coupon
8.25%
Maturity
25 Mar 2027
M
Mahindra and Mahindra Financial Services 8.00% Apr 2027 NCD
INE774D07VJ0
AAA
Coupon
8.00%
Maturity
27 Apr 2027
Compare (/) Compare Bonds

Comparable NCDs maturing near 2029

Active bonds from other issuers with maturity within 12 months of this one, listed first when they are in the same face-value band as this bond and traded in the last 30 days, then by closest coupon to 7.71%. For comparison only, not a recommendation.

BondIssuerRatingCouponMaturity
INE906B07HH5National Highways Authority of IndiaAAA7.70%2029-09-13
INE040A08955HDFC Bank LimitedAAA NSDL record, 20237.70%2028-05-16
INE296A07UB9Bajaj Finance LimitedAAA7.70%2029-09-20
INE556F08LH9Small Industries Development Bank of India—7.70%2029-10-10
INE261F08EG3National Bank for Agriculture and Rural DevelopmentAAA NSDL record, 20247.68%2029-04-30
INE103A08035Mangalore Refinery and Petrochemicals LimitedAAA7.75%2030-01-29

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