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Mahindra and Mahindra Financ… 8.35% Jan 2034 NCD

AAA Unsecured NCD

Mahindra and Mahindra Financial Services Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2034

Current YTM
7.97%
Market YTM
Coupon Rate
8.35%
Per annum
Maturity Date
16 Jan 2034
7.4 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
7.97%
Live, last traded 2026-07-23
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+115 bps
vs 7.4Y G-Sec at 6.82%
Below the median spread for similar-tenor peers
Tenure
7.4 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-07 2026-07-23
Cashflow Timeline
16 Jan 2027
Interest Payment
₹8,350.00 / Bond
16 Jan 2028
Interest Payment
₹8,350.00 / Bond
16 Jan 2029
Interest Payment
₹8,350.00 / Bond
16 Jan 2030
Interest Payment
₹8,350.00 / Bond
16 Jan 2031
Interest Payment
₹8,350.00 / Bond
16 Jan 2032
Interest Payment
₹8,350.00 / Bond
16 Jan 2033
Interest Payment
₹8,350.00 / Bond
16 Jan 2034
Principal Payment
₹100,000.00 / Bond

Next 7 coupons + 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 2024-01-16 Matures 2034-01-16

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

Key Metrics
Coupon Rate
8.35%
YTM (Annual)
7.97%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
7.4 Years
Advanced metrics
Modified Duration
5.14 Yrs
Macaulay Duration
5.55 Yrs
Issue Size
₹700 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
5.14 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-07-23
NSE OTC (WAP)
Trades (30 Days)
0
Exchange-reported sessions
Security Status
Unsecured
No call option
Observations
  • This bond is unsecured.
  • No secondary-market trades recorded in the last 30 days.
  • Coupon is 1.65 percentage points below the median for tracked NCD bonds. (based on 18927 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 8 Aug 2026
Instrument Type
NCD
Issue Date
2024-01-16
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

Issued by Mahindra and Mahindra Financial Services Limited, MMFSL-8.35%-16-1-34-PVT is a rated, ncd paying a 8.35% p.a. coupon annual. The instrument 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
2026-07-23 102.0400 7.9700 None
2026-07-20 100.9000 8.1636 None
2026-07-14 100.9765 8.1500 None
2026-07-07 100.4300 8.2500 1
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 2 CRISIL, INDIA_RATINGS 2024-01-31
Rating Actions History 2 2026-08-14
Secondary-Market Trades 4 NSE OTC (WAP) 2026-07-23
Reg52(4) Payment Disclosures 0
Documents
Entity metadata
Source
bse_bonds
Last Updated
8 Aug 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… 8.35% Jan 2034 NCD?

Mahindra and Mahindra Financ… 8.35% Jan 2034 NCD carries a coupon of 8.35%, paid annual, on a face value of ₹100,000.

When does Mahindra and Mahindra Financ… 8.35% Jan 2034 NCD mature?

Mahindra and Mahindra Financ… 8.35% Jan 2034 NCD matures on 2034-01-16, 7.4 years from today.

What is Mahindra and Mahindra Financ… 8.35% Jan 2034 NCD rated?

Mahindra and Mahindra Financ… 8.35% Jan 2034 NCD is rated AAA by CRISIL and AAA by INDIA_RATINGS. As of 2024-01-31.

Is Mahindra and Mahindra Financ… 8.35% Jan 2034 NCD secured?

Mahindra and Mahindra Financ… 8.35% Jan 2034 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does Mahindra and Mahindra Financ… 8.35% Jan 2034 NCD trade?

Mahindra and Mahindra Financ… 8.35% Jan 2034 NCD is listed on BSE.

What yield does Mahindra and Mahindra Financ… 8.35% Jan 2034 NCD currently offer?

The last recorded trade on 2026-07-23 priced Mahindra and Mahindra Financ… 8.35% Jan 2034 NCD at ₹102.04, implying a yield to maturity of 7.97%.

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