Epic Update : Mahindra & Mahindra

Mahindra & Mahindra (M&M), one of India’s leading business groups, has successfully placed a NCD series of 50-year maturity for Rs 500 crore on private placement basis. The NCDs will, be unsecured, rated, listed, redeemable at the end of 50-year and will carry a coupon of 9.55% pa payable annually. This is the first ever INR-denominated NCD issue with a 50-year bullet maturity offered by an Indian corporate. 

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