Mahindra Finance
PUBLIC ISSUE OF SECURED AND UNSECURED SUBORDINATED REDEEMABLE NON-CONVERTIBLE DEBENTURE
(May 25, 2016 to June 10, 2016)
Issue Size : Application E FORMS are sent by email on request to ALLIESFIN@gmail.com
Base Issue Size of Rs. 250 Crores with an option to retain oversubscription up to the Shelf Limit, i.e. up to Rs. 1,000 Crores.
Issuer
|
Mahindra & Mahindra Financial Services Limited
|
Issue Size
|
Base Issue Size of Rs. 25,000 lacs with an option to retain oversubscription up to the Shelf Limit, i.e. up to Rs. 1,00,000 lacs
|
Issue opens
|
Wednesday, May 25, 2016
|
Issue closes
|
Friday, June 10, 2016
|
Allotment
|
First Come First Serve Basis
|
Face Value
|
Rs. 1000 per NCD
|
Issue Price
|
Rs. 1000 per NCD
|
Nature of Instrument
|
Unsecured Subordinated Redeemable Non-Convertible Debenture
|
Minimum Application
|
Rs. 10,000 (10 NCDs) and in multiple of Rs. 1,000 (1 NCD) thereafter across all Series
|
Listing
|
BSE
|
Rating
|
“CARE AAA” by CARE “IND AAA” by India Ratings
|
Series
|
I
|
II
|
III
|
IV
|
V
|
VI
|
VII
|
VIII
|
IX
|
Frequency of Interest Payment
|
Quarterly
|
Quarterly
|
Quarterly
|
Annual
|
Annual
|
Annual
|
NA
|
NA
|
NA
|
Tenor
|
66
months
|
84
months
|
120 months
|
66 months
|
84 months
|
120
months
|
66 months
|
84 months
|
120 months
|
Coupon (%) for Category I and II
|
8.34%
|
8.44%
|
8.53%
|
8.60%
|
8.70%
|
8.80%
|
NA
|
NA
|
NA
|
Coupon (%) for Category III and IV
|
8.44%
|
8.53%
|
8.72%
|
8.70%
|
8.80%
|
9.00%
|
NA
|
NA
|
NA
|
Effective Yield (per annum)*
For NCD holders in the Category I and the Category II
|
8.60%
|
8.71%
|
8.80%
|
8.61%
|
8.70%
|
8.80%
|
8.60%
|
8.70%
|
8.80%
|
Effective Yield (per annum)*
For NCD holders in the Category III and Category IV
|
8.71%
|
8.80%
|
9.00%
|
8.71%
|
8.80%
|
9.00%
|
8.70%
|
8.80%
|
9.00%
|
Redemption Amount (Rs./NCD)
For NCD holders in the Category I and the Category II
|
1,000
|
1,000
|
1,000
|
1,000
|
1,000
|
1,000
|
1,574.75
|
1,793.52
|
2,325.36
|
Redemption Amount (Rs./NCD)
For NCD holders in the Category III and Category IV
|
1,000
|
1,000
|
1,000
|
1,000
|
1,000
|
1,000
|
1,582.75
|
1,805.11
|
2,368.49
|
Please refer to Prospectus before Investing.
Category wise Allocation
