Mahindra Rural Housing Finance Limited

About Mahindra Rural Housing Finance Limited bond with ISIN: INE950O07404

In the competitive landscape of fixed income securities, detailed and comprehensive information is vital for both investors and market analysts. This bond, identified by the unique ISIN INE950O07404, represents a significant financial instrument. Issued by MAHINDRA RURAL HOUSING FINANCE LIMITED, it comes with the following description: "G-SEC LINKED SECURED RATED LISTED REDEEMABLE PRINCIPAL PROTECTED NON COVERTIBLE DEBENTURE SERIES MRHFLCC2022 DATE OF MATURITY 14/05/2025.". Although the bond is currently marked as inactive, its structure and historical context provide valuable insights into the world of debentures and non-convertible securities. The issuer, MAHINDRA RURAL HOUSING FINANCE LIMITED, classified as Non PSU, plays an essential role in the market despite some details such as sector, industry, and issuer nature not being explicitly provided. Key identifiers like the Corporate Identification Number (CIN) U65922MH2007PLC169791 further bolster its credibility. With a coupon rate of 10 Yr 7 Point 26 Gsec 2032, this instrument has been meticulously managed with the assistance of KFIN TECHNOLOGIES PRIVATE LIMITED and under the oversight of Axis Trustee Services Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000000 with an issue size of 93. It was allotted on 11/14/2022 and is scheduled for redemption on 5/14/2025. Categorized under "STRUCTURED/MARKET LINKED DEBENTURES (MLDS)" and defined as Secured, the instrument is structured to meet specific investment objectives. Although options such as call or put are not applicable in this instance, the core attributes remain detailed and robust. A critical element in evaluating any fixed income instrument is its credit rating. The bond carries a credit rating of AA+ as provided by INDIA RATING AND RESEARCH PVT. LTD. In the market, ratings typically range from D to AAA, and a rating of AA+ is generally considered to be on the riskier end of the spectrum. This insight helps potential investors understand that while the ratings spectrum is broad, a lower rating can indicate higher risk, prompting careful consideration before investing. The security measures add another layer of assurance. The asset cover is described as follows: Debentures shall be secured by way of an exclusive charge on Books Debts and Future Receivables originating from loan contracts and/or owned Assets to the extent of 100% of Debenture outstanding. The Company will create appropriate security in favour of the debenture trustee within the time frame prescribed as per applicable law. While the NCDs are secured to the tune of 100% of the principal and interest amount or as per the terms of information Memorandum in favour of Debenture Trustee, it is – a feature that, while requiring further inquiry for complete details, underscores the issuer’s commitment to providing some level of investor protection. Furthermore, the bond is supported by several documents. The bond is supported by a variety of documents including Shelf Prospectus/Information Memorandum/Offer Documents/Tranches/Series, INDIA RATING AND RESEARCH PVT. LTD_20-02-2024, INDIA RATING AND RESEARCH PVT. LTD_20-02-2024, INDIA RATING AND RESEARCH PVT. LTD_21-02-2023. These documents serve as a reference for additional details and provide transparency to interested parties. Additionally, there are similar bonds in the market such as the bond with ISIN INE950O08022 having a coupon rate of 9.25% and the bond with ISIN INE950O08162 having a coupon rate of 9% and the bond with ISIN INE950O08089 having a coupon rate of 9.1% and the bond with ISIN INE950O08279 having a coupon rate of 8.315%. Such comparable instruments offer a broader perspective on market positioning and allow investors to perform benchmark analysis. This detailed description is crafted to meet rigorous content standards and to offer exhaustive insights into every facet of the bond’s structure. Investors, analysts, and researchers alike can derive substantial value from this narrative, which underscores both the instrument’s inherent characteristics and its broader market positioning. Such elaborate coverage enhances investor confidence by providing a rich, comprehensive content base. Every element from issuance details to security measures and comparative insights is meticulously presented to facilitate an informed and robust market understanding.