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Mahindra Rural Housing Finance 8.35% Dec 2034 NCD (INE950O08295)

CARE AAA / Stable Unsecured NCD

Mahindra Rural Housing Finance Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2034

28 more bonds from Mahindra Rural Housing Finance Limited →
Current YTM
8.38%
Market YTM
Coupon Rate
8.35%
Per annum
Maturity Date
22 Dec 2034
8.1 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,00,000
Per Bond

Market Position

YTM (Annual)
8.38%
Last traded 21 Oct 2026 (end of day)
10Y G-Sec Benchmark
7.19%
Reference point, not this bond's tenor
Spread over G-Sec
+104 bps
vs 8.1Y G-Sec at 7.34%
Above the median spread for similar-tenor peers
Tenure
8.1 Years
Remaining to maturity

Price vs Yield

— Price (Clean) — Yield (YTM)
10 Sep 202621 Oct 2026

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

24 Dec 2026
Interest Payment
₹8,350.00 / Bond
₹7,515.00 net of 10% TDS (est.)
24 Dec 2027
Interest Payment
₹8,350.00 / Bond
₹7,515.00 net of 10% TDS (est.)
24 Dec 2028
Interest Payment
₹8,350.00 / Bond
₹7,515.00 net of 10% TDS (est.)
24 Dec 2029
Interest Payment
₹8,350.00 / Bond
₹7,515.00 net of 10% TDS (est.)
24 Dec 2030
Interest Payment
₹8,350.00 / Bond
₹7,515.00 net of 10% TDS (est.)
24 Dec 2031
Interest Payment
₹8,350.00 / Bond
₹7,515.00 net of 10% TDS (est.)
24 Dec 2032
Interest Payment
₹8,350.00 / Bond
₹7,515.00 net of 10% TDS (est.)
24 Dec 2033
Interest Payment
₹8,350.00 / Bond
₹7,515.00 net of 10% TDS (est.)
22 Dec 2034
Final coupon (part period) + principal
₹1,08,304.25 / Bond
₹8,304.25 coupon + ₹1,00,000 face value

9 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 24 Dec 2024 Matures 22 Dec 2034

Key Metrics

Coupon Rate
8.35%
YTM (Annual)
8.38%
Credit Rating
AAA
(CARE) · rated 9 Jul 2026, 3 months ago
Remaining Tenure
8.1 Years

AAA (CARE): Rated 9 Jul 2026 (3 months ago).

AAA (CRISIL): Rated 31 Dec 2024 (22 months ago) — no review in the last 15 months that our sources show; the agency may have reviewed it since.

With more than one agency, the rating shown at the top is the lowest of those dated within the last 15 months (or the newest, when none is). How we pick it →

Advanced metrics
Modified Duration
5.34 Yrs
Macaulay Duration
5.79 Yrs
Issue Size
₹200 Cr
Minimum Investment
₹1,00,000
1 bond × ₹1,00,000 face value (BSE market lot)

Market Characteristics

Modified Duration
5.34 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
21 Oct 2026
NSE OTC (WAP)
Trades (30 Days)
2
Exchange-reported sessions
Security Status
Unsecured
No call option

Observations

  • This bond is unsecured.
  • 2 secondary-market trades recorded in the last 30 days.
  • Coupon is 1.85 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 8 Nov 2026
Instrument Type
NCD
Issue Date
24 Dec 2024
Day Count Convention
ACT/ACT
Listed Exchange
BSE
Call / Put Option
None disclosed

Issued by Mahindra Rural Housing Finance Limited, Mahindra Rural Housing Finance 8.35% Dec 2034 NCD is an unsecured, rated NCD. It pays an 8.35% 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
9 Jul 2026 CARE AAA Stable Latest CARE press release →
31 Dec 2024 CRISIL AAA — Latest BSE listing

Rating Action History

6 actions

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

DateAgencyActionRatingOutlookRationale
2026-09-25 CRISIL Update — — View →
2026-09-25 CRISIL Update — — View →
2026-09-10 CRISIL Update — — View →
2026-08-18 CRISIL Update — — View →
2026-08-14 CRISIL Other — — View →
2026-08-04 CRISIL Update — — View →
Issuer health card · ratings, payment record, defaults, trading, filings 1 item to look at →

Rating Actions on Mahindra Rural Housing Finance 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
2026-09-25 CRISIL Update — View →
2026-09-10 CRISIL Update — View →
2026-08-18 CRISIL Update — View →
2026-08-14 CRISIL Other — View →
2026-08-04 CRISIL Update — View →
Alert me about Mahindra Rural Housing Finance 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 INE950O08295: trade date, clean price, YTM and number of trades
Trade DateClean PriceYTM (%)Trades
2026-10-21 99.7682 8.3800 —
2026-10-13 102.4400 7.9200 —
2026-09-23 100.6000 8.2300 1
2026-09-10 99.9500 8.3400 —

Data Coverage

DatasetRecordsDetailFreshness
Credit Ratings 2 CARE, CRISIL 2026-07-09
Rating Actions History 6 — 2026-09-25
Secondary-Market Trades 4 NSE OTC (WAP) 2026-10-21
Reg52(4) Payment Disclosures 0 — —

Documents

Entity metadata
Source
BSE
Last Updated
8 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)
₹99,768.20
YTM8.38%
Trade Date 21 Oct 2026 18d ago
SourceNSE OTC (WAP)
Accrued interest (est.)₹7,366.30
Dirty price (est.)₹1,07,134.50
View on BSE → Calculate YTM for this bond
Bond Snapshot
ISIN
INE950O08295
Issue Date
24 Dec 2024
Maturity Date
22 Dec 2034
Listing
BSE
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 Rural Housing Finance 8.35% Dec 2034 NCD?

Mahindra Rural Housing Finance 8.35% Dec 2034 NCD carries a coupon of 8.35%, paid annual, on a face value of ₹1,00,000.

When does Mahindra Rural Housing Finance 8.35% Dec 2034 NCD mature?

Mahindra Rural Housing Finance 8.35% Dec 2034 NCD matures on 22 Dec 2034, 8.1 years from today.

What is Mahindra Rural Housing Finance 8.35% Dec 2034 NCD rated?

Mahindra Rural Housing Finance 8.35% Dec 2034 NCD is rated AAA by CARE (rating dated 9 Jul 2026) and AAA by CRISIL (rating dated 31 Dec 2024).

Is Mahindra Rural Housing Finance 8.35% Dec 2034 NCD secured?

Mahindra Rural Housing Finance 8.35% Dec 2034 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does Mahindra Rural Housing Finance 8.35% Dec 2034 NCD trade?

Mahindra Rural Housing Finance 8.35% Dec 2034 NCD is listed on BSE.

What yield does Mahindra Rural Housing Finance 8.35% Dec 2034 NCD currently offer?

The last recorded trade on 21 Oct 2026 priced Mahindra Rural Housing Finance 8.35% Dec 2034 NCD at ₹99,768.20 per bond, implying a yield to maturity of 8.38%.

More Bonds from This Issuer

M
Mahindra Rural Housing Finance 8.40% Nov 2026 NCD
INE950O08105
AA+ NSDL record, 2016
Coupon
8.40%
Maturity
24 Nov 2026
M
Mahindra Rural Housing Finance 8.45% Jan 2027 NCD
INE950O07438
AAA
Coupon
8.45%
Maturity
22 Jan 2027
M
Mahindra Rural Housing Finance 8.45% Mar 2027 NCD
INE950O07453
AAA NSDL record, 2024
Coupon
8.45%
Maturity
25 Mar 2027
M
Mahindra Rural Housing Finance 8.30% Mar 2027 NCD
INE950O07123
AAA
Coupon
8.30%
Maturity
26 Mar 2027
Compare (/) Compare Bonds

Comparable NCDs maturing near 2034

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 8.35%. For comparison only, not a recommendation.

BondIssuerRatingCouponMaturity
INE774D08MW0Mahindra and Mahindra Financial Services LimitedAAA8.35%2034-01-16
INE01MM08012SBI General Insurance Company LimitedAAA8.35%2034-02-21
INE018E08342SBI Cards and Payment Services LimitedAAA8.33%2034-01-24
INE860H08EL8Aditya Birla Capital LimitedAAA8.31%2034-07-11
INE774D08MY6Mahindra and Mahindra Financial Services LimitedAAA8.30%2035-02-27
INE756I08256HDB Financial Services LimitedAAA8.40%2033-12-22

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