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Mahindra and Mahindra Financ… 9.50% Jan 2029 NCD

AAA Unsecured NCD

Mahindra and Mahindra Financial Services Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2029

Current YTM
8.25%
Market YTM
Coupon Rate
9.50%
Per annum
Maturity Date
18 Jan 2029
2.4 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000
Per Bond
Market Position
YTM (Annual)
8.25%
Live, last traded 2026-08-26
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+188 bps
vs 2.4Y G-Sec at 6.37%
Below the median spread for similar-tenor peers
Tenure
2.4 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
18 Jan 2027
Interest Payment
₹95.00 / Bond
18 Jan 2028
Interest Payment
₹95.00 / Bond
18 Jan 2029
Principal Payment
₹1,000.00 / Bond

Next 2 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 2019-01-18 Matures 2029-01-18

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

Key Metrics
Coupon Rate
9.50%
YTM (Annual)
8.25%
Credit Rating
AAA
(INDIA_RATINGS)
Remaining Tenure
2.4 Years
Advanced metrics
Modified Duration
1.97 Yrs
Macaulay Duration
2.14 Yrs
Issue Size
₹336 Cr
Minimum Investment
₹1,000
(1 Bond)
Market Characteristics
Modified Duration
1.97 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-26
NSE OTC (WAP)
Trades (30 Days)
2
Exchange-reported sessions
Security Status
Unsecured
Callable
Observations
  • This bond is unsecured.
  • 2 secondary-market trades recorded in the last 30 days.
  • Coupon is 0.50 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
2019-01-18
Day Count Convention
30/360
Listed Exchange
Call / Put Option
Callable & Puttable

Issued by Mahindra and Mahindra Financial Services Limited, 9.50% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. SERIES IV  CATEGORY III & IV. DATE OF MATURITY 18/01/2029 is a rated, ncd paying a 9.50% 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
2026-08-26 102.5600 8.2500 None
2026-08-25 102.5600 8.2500 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 INDIA_RATINGS 2018-12-17
Rating Actions History 2 2026-08-14
Secondary-Market Trades 2 NSE OTC (WAP) 2026-08-26
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… 9.50% Jan 2029 NCD?

Mahindra and Mahindra Financ… 9.50% Jan 2029 NCD carries a coupon of 9.50%, paid annual, on a face value of ₹1,000.

When does Mahindra and Mahindra Financ… 9.50% Jan 2029 NCD mature?

Mahindra and Mahindra Financ… 9.50% Jan 2029 NCD matures on 2029-01-18, 2.4 years from today.

What is Mahindra and Mahindra Financ… 9.50% Jan 2029 NCD rated?

Mahindra and Mahindra Financ… 9.50% Jan 2029 NCD is rated AAA by INDIA_RATINGS. As of 2018-12-17.

Is Mahindra and Mahindra Financ… 9.50% Jan 2029 NCD secured?

Mahindra and Mahindra Financ… 9.50% Jan 2029 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Can Mahindra and Mahindra Financ… 9.50% Jan 2029 NCD be called or put back early?

Mahindra and Mahindra Financ… 9.50% Jan 2029 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… 9.50% Jan 2029 NCD currently offer?

The last recorded trade on 2026-08-26 priced Mahindra and Mahindra Financ… 9.50% Jan 2029 NCD at ₹102.56, implying a yield to maturity of 8.25%.

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