Bond Mahindra Finance Bonds 8.784% ( INE774D07NZ3 ) in INR

Issuer	Mahindra Finance Bonds
Market price	100 % ⇌
Country	India
ISIN code	INE774D07NZ3 ( in INR )
Interest rate	8.784% per year ( payment 1 time a year)
Maturity	22/05/2019 - 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. Mahindra & Mahindra Financial Services, a prominent non-banking financial company (NBFC) forming a crucial part of the diversified Indian conglomerate, the Mahindra Group, successfully concluded the lifecycle of one of its significant debt instruments. This particular bond, identified by ISIN INE774D07NZ3, which was issued in India and denominated in Indian Rupees (INR), carried an attractive annual interest rate of 8.784% and reached its scheduled maturity date on May 22, 2019. Trading at par (100% of its face value) prior to its conclusion, the bond has been fully redeemed, ensuring the repayment of principal to all its holders as expected. Mahindra & Mahindra Financial Services plays a vital role in India's financial sector, primarily focusing on providing a wide range of financing solutions, including vehicle and equipment loans, to customers in rural and semi-urban areas, thereby contributing significantly to financial inclusion and economic growth across the nation; the issuance of such bonds is a standard practice for the company to secure the necessary capital to fund its extensive lending operations, demonstrating its consistent ability to meet its financial obligations upon maturity.