BOMBAY, Sept 15 (Reuters) - India's Mahindra & Mahindra Financial Services Ltd. plans to raise 1.3 billion rupees by securitising some vehicle loan receivables, merchant bankers said on Wednesday. The receivables have a door-to-door maturity of 32 months with an average maturity of 13.2 months. The annualised yield is 5.85 percent. The issue will open and close on Thursday.
IDBI Capital Market ...
Sign in to access
this Article
"New Issue-India's M&M Financial to raise 1.3 bln rupees" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. To obtain Premium status, please contact us.
Why Become a Premium Subscriber?
WardsAuto.com Premium subscribers have access to the full breadth of Ward’s articles, news, analysis and features as well as all the Ward’s data and statistics as soon as they are available in Excel spreadsheet format. Learn more about the benefits of Premium access here.

