Mahindra Rural Housing Finance Limited

Mahindra Rural Housing Finance Limited is an Indian company in the BFSI industry with 23 outstanding bonds (ISINs) recorded on this page. Stated coupons on its fixed-rate bonds range from 7.15% to 9.4% a year. One has a floating or market-linked coupon. Maturity dates run from 22 Jan 2027 to 22 Dec 2034. NSDL records 15 of the 23 whose terms it holds as secured. Latest credit ratings on record: CARE AAA (Stable) (action dated 9 Jul 2026); CRISIL AAA (Stable) (action dated 4 Mar 2026); India Ratings AAA (Stable) (action dated 26 Feb 2026). Verify current terms against the official documents linked on this page.

Data as of 14 Nov 2026 (snapshot 20261114-2051) · How this page is compiled

Issuer overview

Legal name
Mahindra Rural Housing Finance Limited
CIN
U65922MH2007PLC169791
LEI
335800ZTBUHLSK9JHU22
Industry
BFSI
Business
Housing Finance Company
Ownership
Non PSU
ISIN issuer code
INE950O
Outstanding bonds (ISINs)
23 (plus 36 matured)
Stated coupons (fixed rate)
7.15% – 9.4%
Maturity dates
22 Jan 2027 – 22 Dec 2034
Secured (NSDL)
15 of 23
Combined issue size of outstanding bonds
₹4,255 crore
Traded on
BSE

Issue size is the amount each bond raised when it was issued, as recorded by NSDL. It is not the amount still outstanding today (bonds can be partly redeemed or bought back) and not the company's total debt.

Mahindra Rural Housing Finance bonds: ISIN, coupon and maturity

23 outstanding bonds, by maturity date.

ISIN Type Coupon Interest paid Allotted Maturity Face value Issue size (₹ cr) Security Guarantee Traded on Rating (NSDL)
INE950O07438 NCD 8.45% Yearly 23 Jan 2024 22 Jan 2027 ₹1,00,000 200 Secured None recorded — CRISIL AAA 5 Jan 2024
INE950O07453 NCD 8.45% Yearly 26 Mar 2024 25 Mar 2027 ₹1,00,000 225 Secured None recorded — CRISIL AAA 16 May 2023
INE950O08279 NCD 8.32% Yearly 12 May 2023 12 May 2027 ₹1,00,000 0.38 Unsecured None recorded — CRISIL AAA 4 May 2023
INE950O08121 NCD 8.5% Yearly 19 May 2017 19 May 2027 ₹10,00,000 10.00 Unsecured None recorded — India Ratings AAA 25 Feb 2026
INE950O08139 NCD 8.5% Yearly 30 May 2017 28 May 2027 ₹10,00,000 25.00 Unsecured None recorded — India Ratings AAA 25 Feb 2026
INE950O08147 Subordinated NCD (Tier II) 8.5% Yearly 15 Jun 2017 15 Jun 2027 ₹10,00,000 50.00 Unsecured None recorded — India Ratings AAA 25 Feb 2026
INE950O07511 NCD 7.25% Yearly 28 Aug 2025 27 Aug 2027 ₹1,00,000 250 Secured None recorded — CRISIL AAA 2 May 2025
INE950O07545 NCD 7.42% Yearly 23 Feb 2026 23 Feb 2028 ₹1,00,000 400 Secured None recorded — CRISIL AAA 5 Dec 2025
INE950O07552 NCD 7.58% Yearly 27 Apr 2026 27 Mar 2028 ₹1,00,000 300 Secured None recorded BSE CRISIL AAA 4 Mar 2026
INE950O07495 NCD 7.99% Yearly 4 Nov 2024 4 May 2028 ₹1,00,000 250 Secured None recorded — CRISIL AAA 10 May 2024
INE950O07248 NCD 9.18% Yearly 1 Jun 2018 1 Jun 2028 ₹10,00,000 35.10 Secured None recorded — CRISIL AAA 6 Jan 2023
INE950O07503 NCD 7.15% Yearly 24 Jul 2025 21 Jul 2028 ₹1,00,000 300 Secured None recorded BSE CRISIL AAA 2 May 2025
INE950O08154 Subordinated NCD (Tier II) 9.4% Yearly 7 Aug 2018 7 Aug 2028 ₹10,00,000 35.00 Unsecured None recorded — CRISIL AAA 6 Jan 2023
INE950O07446 NCD 8.41% Yearly 28 Feb 2024 28 Feb 2029 ₹1,00,000 250 Secured None recorded — CRISIL AAA 16 May 2023
INE950O07560 NCD Floating / market-linked Yearly 22 May 2026 22 May 2029 ₹1,00,000 400 Secured None recorded — CRISIL AAA 4 Mar 2026
INE950O07461 NCD 8.35% Yearly 24 Jun 2024 22 Jun 2029 ₹1,00,000 200 Secured None recorded — CRISIL AAA 10 May 2024
INE950O07487 NCD 8.25% Yearly 6 Aug 2024 3 Aug 2029 ₹1,00,000 225 Secured None recorded BSE CRISIL AAA 10 May 2024
INE950O08162 Subordinated NCD (Tier II) 9% Yearly 21 Jan 2020 21 Jan 2030 ₹10,00,000 100 Unsecured None recorded — CRISIL AAA 6 Jan 2023
INE950O07537 NCD 7.45% Yearly 21 Nov 2025 21 Nov 2030 ₹1,00,000 250 Secured None recorded BSE CRISIL AAA 2 May 2025
INE950O08196 Subordinated NCD (Tier II) 7.9% Yearly 16 Dec 2020 16 Dec 2030 ₹10,00,000 50.00 Unsecured None recorded — CRISIL AAA 6 Jan 2023
INE950O07578 NCD 8.05% Yearly 19 Jun 2026 19 Jun 2031 ₹1,00,000 400 Secured None recorded — CRISIL AAA 4 Mar 2026
INE950O07396 NCD 8.35% Yearly 26 Sep 2022 24 Sep 2032 ₹10,00,000 100 Secured None recorded — CRISIL AAA 6 Jan 2023
INE950O08295 NCD 8.35% Yearly 24 Dec 2024 22 Dec 2034 ₹1,00,000 200 Unsecured None recorded — CRISIL AAA 10 May 2024
Notes on this table
  • Outstanding means the maturity date has not passed, according to the depository record. It does not confirm that a bond has not been redeemed early, called or bought back.
  • Type, coupon, interest frequency, allotment date, issue size, security and guarantee are as recorded by NSDL India Bond Info, the depository's record of each ISIN. Search an ISIN on NSDL India Bond Info to see its full record.
  • "Secured" and "Guarantee" are NSDL's classification. What the security is, the asset cover and the terms of any guarantee or co-obligor are in the offer document and the debenture trust deed; this page does not infer them.
  • Prices and yields are not shown. They change with every trade: see BSE and NSE.
  • Terms used in this table: ISIN · Coupon rate · Yield to maturity (YTM) · Secured NCD · Unsecured NCD · Floating rate bond · Credit rating.

Mahindra Rural Housing Finance credit rating

Latest rating by agency on the outstanding bonds (NSDL India Bond Info)
Agency Rating Outlook Latest action Action date Bonds Status
CARE AAA Stable Reaffirm 9 Jul 2026 9 Checked 5 Nov 2026
CRISIL AAA Stable New 4 Mar 2026 20 Verified by NSDL · Checked 5 Nov 2026
India Ratings AAA Stable Reaffirm 26 Feb 2026 8 Verified by NSDL · Checked 5 Nov 2026
Rating history
Date Agency Rating Outlook Action
9 Jul 2026 CARE AAA Stable Reaffirm
19 Jun 2026 CARE AAA Stable New
4 Mar 2026 CRISIL AAA Stable New
26 Feb 2026 India Ratings AAA Stable Reaffirm
25 Feb 2026 India Ratings AAA Stable Reaffirm
8 Jan 2026 India Ratings AAA Stable Upgrade
5 Dec 2025 CRISIL AAA Stable New
7 Oct 2025 CARE AAA Stable Reaffirm
2 May 2025 CRISIL AAA Stable New
25 Mar 2025 CARE AAA Stable Reaffirm
13 Feb 2025 India Ratings AA+ Stable Reaffirm
10 Dec 2024 CARE AAA Stable New
9 Oct 2024 CARE AAA Stable Reaffirm
24 Jul 2024 CARE AAA Stable New
20 Jun 2024 CARE AAA Stable Reaffirm

Rating actions on the issuer's bonds as recorded by NSDL, newest first. Earlier lines are history, not the current rating.

A credit rating is the agency's opinion and can change at any time. Check the agency's website for the latest action: CRISIL, CARE, India Ratings

Private placements and disclosure documents

Allotted ISIN Redemption Disclosure documents
19 Jun 2026 INE950O07578 19 Jun 2031 Placement memorandum on BSE
22 May 2026 INE950O07560 22 May 2029 Placement memorandum on BSE
27 Apr 2026 INE950O07552 27 Mar 2028 Placement memorandum on BSE
23 Feb 2026 INE950O07545 23 Feb 2028 Placement memorandum on BSE
21 Nov 2025 INE950O07537 21 Nov 2030 Placement memorandum on BSE
28 Aug 2025 INE950O07511 27 Aug 2027 Placement memorandum on BSE
24 Jul 2025 INE950O07503 21 Jul 2028 Placement memorandum on BSE
24 Dec 2024 INE950O08295 22 Dec 2034 Placement memorandum on BSE
4 Nov 2024 INE950O07495 4 May 2028 Placement memorandum on BSE
6 Aug 2024 INE950O07487 3 Aug 2029 Placement memorandum on BSE
10 Jul 2024 INE950O07461 22 Jun 2029 Placement memorandum on BSE
24 Jun 2024 INE950O07461 22 Jun 2029 Placement memorandum on BSE
26 Mar 2024 INE950O07453 25 Mar 2027 Placement memorandum on BSE
28 Feb 2024 INE950O07446 28 Feb 2029 Placement memorandum on BSE
23 Jan 2024 INE950O07438 22 Jan 2027 Placement memorandum on BSE
12 May 2023 INE950O08287 12 Dec 2025 Placement memorandum on BSE
12 May 2023 INE950O08279 12 May 2027 Placement memorandum on BSE
18 Apr 2023 INE950O08261 18 Jun 2025 Placement memorandum on BSE
30 Jan 2023 INE950O07420 30 Jan 2026 Placement memorandum on BSE
15 Dec 2022 INE950O07396 24 Sep 2032 Placement memorandum on BSE
14 Nov 2022 INE950O07412 14 Nov 2025 Placement memorandum on BSE
14 Nov 2022 INE950O07404 14 May 2025 Placement memorandum on BSE
26 Jul 2021 INE950O08253 26 Sep 2024 Placement memorandum on BSE
17 Jun 2021 INE950O08246 17 Jun 2024 Placement memorandum on BSE
28 May 2021 INE950O08238 28 May 2024 Placement memorandum on BSE
28 May 2021 INE950O08220 26 May 2023 Placement memorandum on BSE
21 May 2021 INE950O08212 19 May 2023 Placement memorandum on BSE
30 Apr 2021 INE950O07230 27 Mar 2018 Placement memorandum on BSE
18 Mar 2021 INE950O08204 17 Mar 2023 Placement memorandum on BSE
16 Dec 2020 INE950O08196 16 Dec 2030 Placement memorandum on BSE
16 Sep 2020 INE950O07370 15 Sep 2023 Placement memorandum on BSE
16 Sep 2020 INE950O08188 15 Sep 2023 Placement memorandum on BSE
13 Aug 2020 INE950O08170 12 Aug 2022 Placement memorandum on BSE
15 Jul 2020 INE950O07362 15 Jul 2025 Placement memorandum on BSE
15 Jul 2020 INE950O07347 15 Jul 2022 Placement memorandum on BSE
15 Jul 2020 INE950O07354 14 Jul 2023 Placement memorandum on BSE
21 Jan 2020 INE950O08162 21 Jan 2030 Placement memorandum on BSE
23 Dec 2019 INE950O07339 28 Dec 2020 Placement memorandum on BSE
27 Jun 2019 INE950O07321 25 Jun 2021 Placement memorandum on BSE
28 Mar 2019 INE950O07313 26 Mar 2021 Placement memorandum on BSE
25 Oct 2018 INE950O07305 27 Sep 2021 Placement memorandum on BSE
15 Oct 2018 INE950O07305 27 Sep 2021 Placement memorandum on BSE
5 Sep 2018 INE950O07289 22 Jul 2021 Placement memorandum on BSE
7 Aug 2018 INE950O08154 7 Aug 2028 Placement memorandum on BSE
29 Jun 2018 INE950O07271 29 Jul 2021 Placement memorandum on BSE
25 Jun 2018 INE950O07263 22 Mar 2024 Placement memorandum on BSE
8 Jun 2018 INE950O07255 4 Jun 2021 Placement memorandum on BSE
1 Jun 2018 INE950O07248 1 Jun 2028 Placement memorandum on BSE
23 Mar 2018 INE950O07222 25 Mar 2021 Placement memorandum on BSE
22 Jan 2018 INE950O07214 22 Jan 2023 Placement memorandum on BSE

From BSE's list of privately placed debt. The documents are the issuer's own; the offer document and debenture trust deed are the authoritative source for each bond's terms.

Mahindra Rural Housing Finance bonds: questions and answers

What bonds has Mahindra Rural Housing Finance Limited issued?

Mahindra Rural Housing Finance Limited has 23 outstanding bonds recorded on this page. By type, as described by NSDL: 19 NCDs, 4 subordinated NCD (tier ii). 36 further ISINs on record have passed their maturity dates and are not counted as outstanding.

What are the ISINs of Mahindra Rural Housing Finance Limited bonds?

Its 23 outstanding bonds each have their own ISIN, for example INE950O07438, INE950O07453, INE950O08279. All are listed in the bond table on this page. ISINs of this issuer begin with its issuer code, INE950O.

What coupon rates do Mahindra Rural Housing Finance Limited bonds pay?

Stated coupons on its fixed-rate outstanding bonds range from 7.15% to 9.4% a year on face value. One bond has a floating or market-linked coupon. The bond table gives the coupon and interest frequency of each ISIN. The coupon is not the yield: the yield an investor earns depends on the price paid.

When do Mahindra Rural Housing Finance Limited bonds mature?

Its outstanding bonds have maturity dates from 22 Jan 2027 to 22 Dec 2034. The bond table lists the maturity date of each ISIN.

What is the latest credit rating of Mahindra Rural Housing Finance Limited bonds?

NSDL India Bond Info records CARE AAA (Stable) (action dated 9 Jul 2026); CRISIL AAA (Stable) (action dated 4 Mar 2026); India Ratings AAA (Stable) (action dated 26 Feb 2026) on its outstanding bonds. Checked on NSDL on 5 Nov 2026. A rating is the agency's opinion and can change at any time.

Are Mahindra Rural Housing Finance Limited bonds secured, unsecured or guaranteed?

NSDL records 15 of the 23 outstanding bonds whose terms it holds as secured and 8 as unsecured. None is recorded as guaranteed. What the security is, the asset cover and the terms of any guarantee or co-obligor are set out in the offer document and the debenture trust deed; this page does not infer them.

Where can investors find the original disclosure documents for Mahindra Rural Housing Finance Limited bonds?

Each ISIN's record, including its terms and rating history, is on NSDL India Bond Info (search the ISIN). The offer document (shelf prospectus, tranche prospectus or general information document and key information document) and the debenture trust deed set out the full terms; listed issuers publish them on BSE or NSE. For the private placements listed on this page, each row links to the disclosure documents on BSE.

How can investors check the current market price or yield of Mahindra Rural Housing Finance Limited bonds?

This page does not show prices or yields. Trades in these bonds are reported on BSE, which publish the price and yield of each trade, usually by the end of the trading day. Many corporate bonds trade rarely, so a recent price may not exist; an old trade is not a current price.

Sources and dates

Data as of 14 Nov 2026 (snapshot 20261114-2051). Facts on this page last changed on 5 Nov 2026. Rating dates above are the agencies' action dates, which can be much older than the data date. This page is for information only. It is not investment advice, a credit rating or a recommendation to buy, sell or hold any security. Facts are taken from the issuer's own documents and the sources linked on this page; check them with the source before investing.

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Bond Interpretation is an information resource on Indian corporate bond issuers, published by Newsinterpretation. It covers the companies behind corporate bonds and non-convertible debentures (NCDs): their outstanding bonds with ISIN-level terms, credit ratings as recorded by the depository, private placements and public NCD issues. It brings together depository (NSDL India Bond Info), exchange (BSE and NSE) and company records, and shows the source and date of each fact. The pages are compiled automatically from those records. Bond Interpretation publishes no credit ratings, opinions or recommendations to buy, sell or hold of its own.

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