Bond Mahindra Finance Bonds 0% ( INE774D07KB0 ) in INR

Issuer	Mahindra Finance Bonds
Market price	100 % ⇌
Country	India
ISIN code	INE774D07KB0 ( in INR )
Interest rate	0%
Maturity	20/08/2019 - Bond has expired
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Detailed description	Mahindra & Mahindra Financial Services Bonds are debt instruments issued by Mahindra & Mahindra Financial Services Limited, offering investors a fixed income with varying maturities and interest rates, typically considered moderately risky. A specific financial instrument, the Mahindra & Mahindra Financial Services Bond, identified by ISIN INE774D07KB0, successfully reached its maturity on August 20, 2019, and was duly repaid to investors. This debt obligation, denominated in Indian Rupees (INR), was structured as a zero-coupon bond, implying that it did not accrue periodic interest payments. Instead, its return for investors was realized through the difference between its purchase price (typically at a discount) and its full repayment at par, recorded at 100% of its face value upon maturity. The issuer, Mahindra & Mahindra Financial Services Limited (MMFSL), is a significant non-banking financial company (NBFC) operating in India. A key constituent of the diversified Mahindra Group, MMFSL specializes in providing a wide array of financial services, including vehicle and tractor financing, as well as small and medium enterprise (SME) loans, primarily catering to the financial needs of rural and semi-urban populations across India. The punctual and full repayment of this bond underscores MMFSL's sound financial management and adherence to its debt commitments.