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Instrument Details

ISIN: INE146O08142

Face value

₹10,00,000

Coupon rate

Variable Coupon

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

200

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

18 Sep 2018

Maturity Date

17 Sep 2024

Perpetual

Yes

Listing Status

Listed

Rating status

PP-MLD AA (CARE Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

HINDUJA LEYLAND FINANCE LIMITED SR 001 BR NCD 17SP24 FVRS10LAC
Hinduja Leyland Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE146O08142, with a face value of ₹10,00,000 rs on 18Sep18 to raise 200 crores. The debt instrument is issued with a coupon rate of BASE RATE - 10 - YEAR GSEC -2028 LINKED and its interest is paid on Maturity. 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 Unsecured Debenture is 10 YEAR G-SEC RATE LINKED UNSECURED RATED LISTESD REDEEMABLE NON CONVERTIBLE SUBORDINATED DEBENTURES. SERIES 001. DATE OF MATURITY 17/09/2024. This instrument is issued in Private Placement mode. It has Compounding coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 25Sep18. CARE RATINGS LIMITED has given PP-MLD AA rating to this Debenture on 18Sep18. 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
PP-MLD AA
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Date Verified
10 Jan 2024
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Outlook
Stable
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Seniority in Repayment
Subordinate Tier 2
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Security
Unsecured

Summary

Instrument Attributes

Value

Coupon Rate

Variable Coupon

Returns

Linked to Markets

Bond Rating

PP-MLD AA

Seniority in Repayment

Subordinate Tier 2

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE146O08142 issued by Hinduja Leyland Finance Limited

The instrument name of INE146O08142 ISIN is HINDUJA LEYLAND FINANCE LIMITED SR 001 BR NCD 17SP24 FVRS10LAC.
The interest earned from the INE146O08142 bond issued by Hinduja Leyland Finance Limited is paid at the time of maturity
This INE146O08142 bond issued by Hinduja Leyland Finance Limited has been assigned a credit rating of PP-MLD AA by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE146O08142 bond issued by Hinduja Leyland Finance Limited is BASE RATE - 10 - YEAR GSEC -2028 LINKED.
The INE146O08142 Debenture is issued by Hinduja Leyland Finance Limited, a Private Sector company.
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