Mahindra FINANCE

Page No. 2

Annexure 'A'

Issuance of Debt Securities

Sr. No.

Requirements of disclosure

Details

(i)

Size of the issue

:

Series AB2022 - Rs. 500 Crores

(ii)

Whether proposed to be listed?

:

Yes

If yes, name of the stock

Wholesale Debt Market Segment of BSE Limited.

exchange(s)

(iii)

Tenure of the instrument

:

2 years & 365 days from the Deemed date of

allotment

Deemed date of allotment and

:

15th February 2022

Date of maturity

:

14th February 2025

(iv)

Coupon/interest offered

:

(Benchmark + Spread) % p.a. payable annually

(v)

Spread

:

1.65% p.a. The spread will remain constant during

the tenor of the instrument

(vi)

Benchmark

:

Benchmark shall be arrived as simple average of

the 3 month T-Bill's closing yields for previous 10

working days prior to the coupon reset date

(rounded off to nearest two decimals).

3 month T-bill yield as published by Financial

Benchmarks India Pvt. Ltd. ("FBIL") on the FBIL'S

website https://www.fbil.org.in/

In case of non-availability of the rate from FBIL, the

3 month T- bill yield on Bloomberg shall be

considered.

(vii)

Coupon Reset Dates

:

The coupon rate shall be reset every quarter.

First Interest Payment,the reset dates are 9th

February 2022, 15th May 2022, 15th August 2022

and 15th November, 2022.

Second Interest Payment, the reset dates are 15th

February 2023, 15th May 2023, 15th August 2023

and 15th November 2023.

Third Interest Payment, the reset dates are 15th

February 2024, 15th May 2024, 15th August 2024

and 15th November, 2024.

CIN : L65921MH1991PLC059642

Email: investorhelpline_mmfsl@mahindra.com

Mahindra FINANCE

Page No. 3

(viii)

Initial Reset Coupon Rate

:

The coupon rate for the first reset date 9th

February 2022 shall be simple average rate of 3

month T-bill from 24th January 2022 to 8th February

2022 i.e. 3.77% plus 1.65% that arrives to 5.42%

p.a.

Schedule

of

payment

of

:

Annually - 15th February 2023, 15th February 2024

(ix)

Coupon/interest and principal

& On Maturity 14th February 2025.

(x)

Charge/Security,

if any, created

:

Debentures shall be secured by way of exclusive

over the assets

charge in favour of the Debenture Trustee on

present and/or future receivables under Loan

contracts/Hire Purchase/Lease, owned Assets and

Book debts to the extent of 100% of Debenture

outstanding.

(xi)

Special

rights/interest/privileges

:

Nil

attached to the instruments and

changes thereof

(xii)

Delay

in

payment

of

:

N.A.

interest/principal amount for

a

period of more than three months

from the due date or default in

payment of interest/principal

(xiii)

Details of any letter or comments

:

N.A.

regarding

payment/non-payment

of interest, principal on due dates,

or any other matter concerning the

security and/or the assets along

with its comments thereon, if any.

(xiv)

Details

of

redemption

of

:

Redemption at par at the end of 2 years & 365 days

Debentures

from the Deemed date of Allotment.

Mahindra & Mahindra Financial Services Limited

Vivek Karve

Chief Financial Officer & Group Financial Services Sector

CIN : L65921MH1991PLC059642

Email: investorhelpline_mmfsl@mahindra.com

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Mahindra & Mahindra Financial Services Limited published this content on 15 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2022 07:16:04 UTC.