M

Mahindra and Mahindra Financ… 8.05% Jul 2032 NCD

AAA Unsecured NCD

Mahindra and Mahindra Financial Services Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2032

Current YTM
8.00%
Market YTM
Coupon Rate
8.05%
Per annum
Maturity Date
24 Jul 2032
5.9 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000
Per Bond
Market Position
YTM (Annual)
8.00%
Live, last traded 2026-08-21
10Y G-Sec Benchmark
6.68%
Reference point, not this bond's tenor
Spread over G-Sec
+151 bps
vs 5.9Y G-Sec at 6.49%
Below the median spread for similar-tenor peers
Tenure
5.9 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-06 2026-08-21
Cashflow Timeline
24 Jul 2027
Interest Payment
₹80.50 / Bond
24 Jul 2028
Interest Payment
₹80.50 / Bond
24 Jul 2029
Interest Payment
₹80.50 / Bond
24 Jul 2030
Interest Payment
₹80.50 / Bond
24 Jul 2031
Interest Payment
₹80.50 / Bond
24 Jul 2032
Principal Payment
₹1,000.00 / Bond

Next 5 coupons + principal at maturity · per ₹1,000 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 2017-07-24 Matures 2032-07-24

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

Key Metrics
Coupon Rate
8.05%
YTM (Annual)
8.00%
Credit Rating
AAA
(BRICKWORK)
Remaining Tenure
5.9 Years
Advanced metrics
Modified Duration
4.53 Yrs
Macaulay Duration
4.89 Yrs
Issue Size
₹643 Cr
Minimum Investment
₹1,000
(1 Bond)
Market Characteristics
Modified Duration
4.53 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-21
BSE
Trades (30 Days)
3
Exchange-reported sessions
Security Status
Unsecured
Callable
Observations
  • This bond is unsecured.
  • 3 secondary-market trades recorded in the last 30 days.
  • Coupon is 1.95 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
2017-07-24
Day Count Convention
30/360
Listed Exchange
Call / Put Option
Callable & Puttable

Issued by Mahindra and Mahindra Financial Services Limited, 8.05% UNSECURED (CATEGORY III & IV) REDEEMABLE NON CONVERTIBLE SUBORDINATED DEBENTURES. SERIES III. LETTER OF ALLOTMENT. DATE OF MATURITY 24/07/2032 is a rated, ncd paying a 8.05% p.a. coupon annual. The instrument repays principal on maturity. The issuer holds the right to redeem the bond before maturity date.

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
2026-08-21 100.0200 8.0000 1
2026-08-07 99.3000 8.8200 1
2026-08-03 99.1300 9.0000 1
2026-07-21 99.3000 8.7900 1
2026-07-20 100.3600 7.9600 1
2026-07-10 99.3000 8.7800 2
2026-07-09 99.3000 8.7800 1
2026-07-08 100.3600 7.9600 2
2026-07-07 100.2400 7.8000 1
2026-07-06 100.3600 7.9600 2
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 BRICKWORK 2017-06-27
Rating Actions History 2 2026-08-14
Secondary-Market Trades 10 BSE 2026-08-21
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… 8.05% Jul 2032 NCD?

Mahindra and Mahindra Financ… 8.05% Jul 2032 NCD carries a coupon of 8.05%, paid annual, on a face value of ₹1,000.

When does Mahindra and Mahindra Financ… 8.05% Jul 2032 NCD mature?

Mahindra and Mahindra Financ… 8.05% Jul 2032 NCD matures on 2032-07-24, 5.9 years from today.

What is Mahindra and Mahindra Financ… 8.05% Jul 2032 NCD rated?

Mahindra and Mahindra Financ… 8.05% Jul 2032 NCD is rated AAA by BRICKWORK. As of 2017-06-27.

Is Mahindra and Mahindra Financ… 8.05% Jul 2032 NCD secured?

Mahindra and Mahindra Financ… 8.05% Jul 2032 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Can Mahindra and Mahindra Financ… 8.05% Jul 2032 NCD be called or put back early?

Mahindra and Mahindra Financ… 8.05% Jul 2032 NCD has both a call option, letting the issuer redeem it early, and a put option, letting holders require early repurchase, on scheduled dates.

What yield does Mahindra and Mahindra Financ… 8.05% Jul 2032 NCD currently offer?

The last recorded trade on 2026-08-21 priced Mahindra and Mahindra Financ… 8.05% Jul 2032 NCD at ₹100.02, 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