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Mahindra & Mahindra Financial raises 6.43B rupees in debt issue

Mahindra & Mahindra Financial Services Ltd. issued secured redeemable nonconvertible debentures to raise 6.43 billion Indian rupees.

The India-based company said the debentures bear a coupon of 8.24% per year and are due June 29, 2023.

As of July 2, US$1 was equivalent to 68.72 Indian rupees.