Instrument Details

ISIN: INE208A07406

Face value

₹10,00,000

Coupon rate

7.30%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

200

Instrument Type

Debenture

Returns

Medium

Date of Issue

17 Mar 2022

Maturity Date

17 Mar 2027

Perpetual

Yes

Listing Status

Listed

Rating status

AA (ICRA Ratings)

Call Option

Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

ASHOK LEYLAND LIMITED SR 3 7.30 NCD 17MR27 FVRS10LAC
Ashok Leyland Limited, a Commercial Vehicles company, has floated Debenture, having ISIN value as INE208A07406, with a face value of ₹10,00,000 rs on 17Mar22 to raise 200 crores. The debt instrument is issued with a coupon rate of 7.30% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Secured Debenture is 7.30% SECURED RATED LISTED TAXABLE NON CONVERTIBLE DEBENTURE.SERIES 3.DATE OF MATURITY 17/03/2027. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 22Mar22. ICRA LIMITED has given AA rating to this Debenture on 12Oct23. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AA
High Safety
AA
check
Date Verified
13 Oct 2023
check
Outlook
Stable
logo
Seniority in Repayment
Senior
logo
Security
Secured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
17-Mar-22 : Your investment
₹73,00,000
17-Mar-23 : Interest
₹73,00,000
17-Mar-24 : Interest
₹73,00,000
17-Mar-25 : Interest
₹73,00,000
17-Mar-26 : Interest
₹73,00,000
17-Mar-27 : Interest
₹13,65,00,000
17-Mar-27 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹3,65,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.30%

Returns

Medium

Bond Rating

AA

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Commercial Vehicles
Head Office
HEAD OFFICE
Chennai
Sector name
SECTOR
Capital Goods
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE208A07406 issued by Ashok Leyland Limited

The instrument name of INE208A07406 ISIN is ASHOK LEYLAND LIMITED SR 3 7.30 NCD 17MR27 FVRS10LAC.
The interest earned from INE208A07406 bond issued by Ashok Leyland Limited is paid Annually, ensuring regular and consistent income for investors.
This INE208A07406 bond issued by Ashok Leyland Limited has been assigned a credit rating of AA by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 7.3%, which determines the periodic interest payments made to bondholders.
The INE208A07406 Debenture is issued by Ashok Leyland Limited, a Private Sector company.