Bond Mahindra Finance Bonds 9.8% ( INE774D08LC4 ) in INR

Issuer	Mahindra Finance Bonds
Market price	100 % ⇌
Country	India
ISIN code	INE774D08LC4 ( in INR )
Interest rate	9.8% per year ( payment 1 time a year)
Maturity	17/01/2023 - 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 recently matured debt instrument, identified by its ISIN INE774D08LC4, represents a completed financial obligation from Mahindra & Mahindra Financial Services, a prominent non-banking financial company (NBFC) based in India. As a key entity within the diversified Mahindra Group, Mahindra & Mahindra Financial Services is widely recognized for its significant presence in rural and semi-urban markets, primarily providing vehicle and tractor financing, housing finance, and other critical financial services that contribute to economic inclusion across the country. This specific bond, issued from India and denominated in Indian Rupees (INR), carried an annual interest rate of 9.8% with a payment frequency of one per year, offering a competitive yield to investors. The instrument reached its scheduled maturity date on January 17, 2023, at which point it was successfully redeemed at its par value of 100%, signifying the timely fulfillment of its financial commitments to bondholders.