By Sarah Lizee
Olympia, Wash., Oct. 18 – Mahindra & Mahindra Financial Services Ltd. notified the Bombay Stock Exchange that it allotted Rs. 2.5 billion of 7.54% secured redeemable nonconvertible debentures.
The issue was approved at a committee meeting held Wednesday, according to a notice.
The notes will be sold at a par of Rs. 1 million each.
Mahindra is a Mumbai-based manufacturer of tractors and light commercial vehicles.
| Issuer: | Mahindra & Mahindra Financial Services Ltd.
|
| Issue: | Secured redeemable nonconvertible debentures
|
| Amount: | Rs. 2.5 billion
|
| Maturity: | Oct. 16, 2020
|
| Coupon: | 7.54%
|
| Price: | Par
|
| Allotment date: | Oct. 18
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
