CA NeWs Beta*: Launch of public issue of NCD of Mahindra and Mahindra financial service

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Thursday, December 27, 2018

Launch of public issue of NCD of Mahindra and Mahindra financial service

Launch of Public Issue of NCDs *MAHINDRA AND MAHINDRA Financial Services Limited*


Issue Opens:  *4 JANUARY  2018*


Issue Size: *₹ 3000 Crores*


Instrument: *Secured Redeemable Non-Convertible Debentures and Unsecured, Subordinated,
Redeemable, Non-Convertible Debenture                                          Credit Rating:  "IRRPL AAA / Stable"  and "CARE AAA; Stable by CARE*

*Rate of Interest:*

 For *QIB&Corporate* (Category I&II):
39 Months:   *9.00%*
5 years:     *9.10%*
8 years:     *9.20*
10 years:   *9.35 *  *unsecured*

For *Retail & HNI*(Category III&IV):
3 years:   *9.05%*
5 years:   *9.15%*
8 years:    *9.30%*
10 years: *9.50%* *
*unsecured*

Listing: *Proposed to be listed on BSE & NSE*

Issuance Mode: *DeMat Only*

Face Value: *₹ 1000*

Mode Of Application: *ASBA ONLY*

Thanks,
rIkky

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