Upcoming NCD News: Mahindra & Mahindra Financial Services Limited

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ABOUT THE ISSUER

Mahindra & Mahindra Financial Services Limited (MMFSL) is one of India’s leading Rural NBFC headquartered in Mumbai, India. It is amongst the top tractor financer in India and offers a wide range of financial products to address varied customer requirements. The NBFC has 1000+ offices spread across 1 in every 3 villages across India with a total of more than 3 Million customers till date.

ISSUE DETAILS

Issue Size: Rs.3500 Crs

BBase Issue size Rs.500 Crore with an option to retain oversubscription up to Rs.3,000 Crore aggregating upto Rs.3,500 Crore.
“AAA” (Stable)

Rated by CARE and India Ratings
Minimum Application Size: Rs.10,000

or 10 NCDs with Face Value of Rs.1000 each