New Issue: Mahindra & Mahindra sells Rs. 10 billion 6.65% debentures due 2023

By Sarah Lizee

Olympia, Wash., April 17 – India’s Mahindra & Mahindra Ltd. priced Rs. 10 billion of 6.65% redeemable nonconvertible debentures due April 20, 2023, according to a Bombay Stock Exchange notice.

The debentures are being issued on a private placement basis.

Mahindra & Mahindra is a Mumbai-based manufacturer of tractors and light commercial vehicles.

Issuer:	Mahindra & Mahindra Ltd.
Issue:	Redeemable nonconvertible debentures
Amount:	Rs. 10 billion
Maturity:	April 20, 2023
Coupon:	6.65%
Allotment date:	April 20
Distribution:	Private placement

© 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.