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Mahindra and Mahindra Financial Services 9.50% Jan 2029 NCD (INE774D08MP4)

India Ratings AAA · NSDL record, 2018 Unsecured NCD

Mahindra and Mahindra Financial Services Limited

Unsecured, Taxable, Redeemable NCD

Browse: bonds maturing in 2029

39 more bonds from Mahindra and Mahindra Financial Services Limited →
Current YTM
8.50%
Market YTM
Coupon Rate
9.50%
Per annum
Maturity Date
18 Jan 2029
2.2 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000
Per Bond

Market Position

YTM (Annual)
8.50%
Last traded 5 Nov 2026 (end of day)
10Y G-Sec Benchmark
7.19%
Reference point, not this bond's tenor
Spread over G-Sec
+155 bps
vs 2.2Y G-Sec at 6.95%
Below the median spread for similar-tenor peers
Tenure
2.2 Years
Remaining to maturity

Price vs Yield

— Price (Clean) — Yield (YTM)
25 Aug 20265 Nov 2026

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

Payment schedule not projected

The issuer's filed interest dates do not follow the maturity-date anniversaries our projection assumes, so projected dates and accrued interest would be wrong.

Bond Timeline

— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 18 Jan 2019 Matures 18 Jan 2029

Key Metrics

Coupon Rate
9.50%
YTM (Annual)
8.50%
Credit Rating
AAA
Rating on NSDL record (India Ratings, 2018)
Not a current agency rating; see below
Remaining Tenure
2.2 Years

AAA (India Ratings): Rating on NSDL record (India Ratings, 2018), dated 17 Dec 2018. The rating NSDL's debt master records for this instrument, often from the time of issue. No current rating from an agency or exchange is on file, so it may be out of date.

Advanced metrics
Modified Duration
—
Macaulay Duration
—
Issue Size
₹336 Cr
Face Value
₹1,000
Per bond. Exchange lot size not on file; check the offer document.

Market Characteristics

Modified Duration
—
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
5 Nov 2026
BSE
Trades (30 Days)
4
Exchange-reported sessions
Security Status
Unsecured
No call option

Observations

  • This bond is unsecured.
  • 4 secondary-market trades recorded in the last 30 days.
  • Coupon is 0.70 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 6 Nov 2026
Instrument Type
NCD
Issue Date
18 Jan 2019
Day Count Convention
ACT/ACT
Listed Exchange
—
Call / Put Option
None disclosed

Issued by Mahindra and Mahindra Financial Services Limited, Mahindra and Mahindra Financial Services 9.50% Jan 2029 NCD is an unsecured NCD. It pays a 9.50% p.a. coupon, annually. Principal is repaid at maturity.

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 INE774D08MP4: trade date, clean price, YTM and number of trades
Trade DateClean PriceYTM (%)Trades
2026-11-05 99.9500 8.5000 1
2026-10-21 101.4029 8.7500 2
2026-10-19 101.4100 8.7500 —
2026-10-15 101.5700 8.6713 —
2026-09-15 101.5700 8.6964 —
2026-09-07 103.5000 7.8000 1
2026-09-04 102.9515 8.0500 —
2026-08-26 102.5600 8.2500 —
2026-08-25 102.5600 8.2500 —

Data Coverage

DatasetRecordsDetailFreshness
Credit Ratings 1 India Ratings (NSDL record) 2018-12-17
Rating Actions History 1 — 2026-08-14
Secondary-Market Trades 9 BSE 2026-11-05
Reg52(4) Payment Disclosures 0 — —
  • No current rating from an agency or exchange on file; the rating shown is the one NSDL's debt master records, often from the time of issue.

Documents

Entity metadata
Source
NSDL debt master
Last Updated
6 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)
₹999.50
YTM8.50%
Trade Date 5 Nov 2026 3d ago
SourceBSE
View on BSE → Calculate YTM for this bond
Bond Snapshot
ISIN
INE774D08MP4
Issue Date
18 Jan 2019
Maturity Date
18 Jan 2029
Listing
—
Payment Frequency
Annual
Put / Call Option
None disclosed
Security
Unsecured
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 9.50% Jan 2029 NCD?

Mahindra and Mahindra Financial Services 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 Financial Services 9.50% Jan 2029 NCD mature?

Mahindra and Mahindra Financial Services 9.50% Jan 2029 NCD matures on 18 Jan 2029, 2.2 years from today.

What is Mahindra and Mahindra Financial Services 9.50% Jan 2029 NCD rated?

No current rating from an agency or exchange is on file for Mahindra and Mahindra Financial Services 9.50% Jan 2029 NCD. NSDL's debt master records a rating of AAA by India Ratings, dated 17 Dec 2018, often from the time of issue, so it may be out of date.

Is Mahindra and Mahindra Financial Services 9.50% Jan 2029 NCD secured?

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

What yield does Mahindra and Mahindra Financial Services 9.50% Jan 2029 NCD currently offer?

The last recorded trade on 5 Nov 2026 priced Mahindra and Mahindra Financial Services 9.50% Jan 2029 NCD at ₹999.50 per bond, implying a yield to maturity of 8.50%.

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 9.50%. For comparison only, not a recommendation.

BondIssuerRatingCouponMaturity
INE532F07IB1Edelweiss Financial Services LimitedA+ NSDL record, 20259.50%2028-10-07
INE403Q07GJ9Kosamattam Finance LimitedA NSDL record, 20259.50%2028-11-09
INE0BUS07CR5Indel Money Limited—9.50%2028-08-24
INE0P1407067Vivriti Finance LimitedA+9.50%2028-09-08
INE420C07213Paisalo Digital Limited—9.50%2029-08-19
INE103C07249SMC Global Securities Limited—9.50%2028-10-21

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