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Mahindra & Mahindra Ltd.

BSE: 500520 Sector: Auto
NSE: M&M ISIN Code: INE101A01026
BSE 00:00 | 24 Apr Mahindra & Mahindra Ltd
NSE 05:30 | 01 Jan Mahindra & Mahindra Ltd

Announcement under Regulation 30 (LODR)-Credit Rating

April 20, 2020, 10:25 pm | Source: BSE

Sub: India Ratings Assigns Mahindra & Mahindras NCDs Final IND AAA/Stable; Affirms Other Ratings
Instrument Type ISIN Date of Issuance Coupon Rate (%) Maturity Date Size of Issue (billion) Rating/
Outlook Rating Action
Issuer Rating - - - - - IND AAA/Stable Affirmed
NCDs INE101A08088 September 2016 7.57% September 2026 INR4.750 IND AAA/Stable Affirmed
Non-fund-based limits - - - - INR4.025 IND
AAA/ Stable/ IND A1+ Affirmed
Fund-based/Non-fund-based - - - - INR2.500 IND AAA/ Stable/ IND A1+ Affirmed
Fund-based limits - - - - INR8.000 IND A1+ Affirmed
NCDs* - - - - INR10.000 IND AAA/Stable Assigned
* The assignment of the final rating follows the receipt of transaction documents including the final term sheet conforming to the information already received by Ind-Ra. The proposed NCDs are non-convertible unsecured listed and redeemable in nature. The proceeds of the issue will be used for bonafide business purposes.