Tuesday, July 11, 2017

M&M Financial NCD Issue Dates, Rating & Interest Rates

Mahindra & Mahindra Financial Services Ltd (MMFSL) is coming up with 250 Crore NCD issue. The NCD issue's promoter is Mahindra & Mahindra Limited. One can apply for minimum of 10 Bonds of Rs.1000 each. The company is doing business of finance to pre-owned auto, utility vehicles, tractors, cars, commercial vehicles and more. The NCDs have tenure of 7, 10 and 15 years with minimum of 7.75% annual interest rate to maximum of 8.05% annual interest rate.

M&M Financial NCD Issue Details:
  • NCD Issue Open: 10 July 2017
  • NCD Issue Close: 28 July 2017
  • NCD Issue Size: Rs.250 Crore
  • Price Band: Rs.1000 Each
  • Interest Rate: Upto 8.05% ** (Annually)
  • Minimum Investment: 10 Bonds (Rs 10,000)
  • Listing: BSE

M&M Financial NCD Issue Rating: (Secured & Unsecured)
  • India Rating: IND AAA' / Outlook Stable
  • Brickwork Ratings: BWR AAA, Outlook: Stable

M&M Financial NCD Issue Listing:
  • NCD Bonds will be list on BSE. It will entail capital gains tax on exit through secondary market.
M&M Financial NCD Issue Promoters:
  • Mahindra & Mahindra Limited
How to Apply M&M Financial NCD Issue?
You can apply from your existing demat account online and offline. You can apply via downloading form from the official website and filling up all the details with the cheque of said amount. You can submit it to the collection centers.

M&M Financial NCD Issue Tenure & Interest Rates:

Tenure Interest Rate / Year Interest Rate / Year Call Option

QIB / Corporates HNI / Retailers
7 Years 7.75% 7.85% No
10 Years 7.90% 8.00% No
15 Years 7.95% 8.05% Yes

M&M Financial NCD Lead Manager:
  • A.K. Capital Services Limited
  • Axis Bank Limited
  • Edelweiss Capital Limited
  • Yes Securities (India) Limited
NCD Registrar:
Karvy Computershare Private Limited
Phone: +91-40-23312454
Fax: +91-40-23311968
Email: einward.ris@karvy.com
Website: http://karisma.karvy.com

Company Information:
Mahindra & Mahindra Financial Services Ltd
Gateway Building,
Apollo Bunder,
Mumbai 400001, Maharashtra
Phone: +91 22 2289 5500
Fax: +91 22 2287 5485
Email: investorhelpline_mmfsl@mahindra.com
Website: http://www.mahindrafinance.com