India New Issue-M&M Financial accepts bids for near 3-year bonds, bankers say
27/04/2026 08:23
MUMBAI, April 27 (Reuters) - India's Mahindra and Mahindra Financial Services MMFS.NS has accepted bids worth 5 billion rupees ($53.08 million) in a sale of bonds maturing in two years and 11 months, three bankers said on Monday. It will pay a coupon of 7.71% and had invited commitment bids for the issue earlier in the day, they said. The company did not immediately respond to a Reuters email seeking comment. Here is the list of deals reported so far on April 27:
| Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
| Mahindra and Mahindra Financial Services | 2 years and 11 months | 7.71 | 5 | April 27 | AAA (India Ratings) |
| NIIF Infrastructure Finance | 5 years and 4 months | 7.88 | 5+5 | April 28 | AAA (Icra) |
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