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Security Name: 9.45% Hinduja Leyland Finance Limited 23 Aug 2033

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ISIN:
INE146O08233
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Taxable

Tax Category

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23 Aug, 2033

Maturity Date
(8 Yr 8 Mo 17 D to mature)

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Yearly

Interest Payment Frequency

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Yes

NRI Eligibility

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23 Aug, 2023

Allotment Date

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NA

Put Date

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23 Aug, 2025

Next Interest Payment Date

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15 days

Shut Period

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Both

Active on NSDL/CDSL

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Non-Guaranteed

Type of Guarantee

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No

Perpetual

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Private Placement

Mode of Issue

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Listed

Listing Details

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Non Public Sector Undertaking

Type of Issuer

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Quote Not Available

Dirty Price

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9.45%

Coupon

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Fixed Interest

Coupon Basis

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NaN%

Current Yield

YOUR EARNING
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Your Investment

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Final Payout

₹0

Error Generating Cashflow 😥. We are looking into this.

*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Credit Rating
Low SafetyHigh Safety
AA Stable
CARE
Subordinated Tier 2

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Unsecured

Security with Collateral?

An investment secured with collateral helps

ISSUER
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Hinduja Leyland Finance Limited

HLF, incorporated in 2008, commenced operations in 2010. It was promoted as a captive financier by the Hinduja group’s flagship automobile manufacturing company, Ashok Leyland. Gradually, HLF ventured into financing of non- Ashok Leyland vehicles, and forayed into the LAP segment in fiscal 2015. Apart from commercial vehicles, the company also funds purchase of two- and three-wheelers, tractors, construction equipment and used CVs. The company has also been buying portfolios over the past two years to diversify its product profile, thereby augmenting net interest margin.

The ratio in FY24 is 10.86x and it was 10.99x in FY23, indicating the slight decrease in debt levels due to increase in profitability in FY24.

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Debt/EBITDA

The ratio in FY24 is 1.23x and it was 1.27x in FY23, indicating a slight decrease in the debt servicing ability of the issuer due to increase in Interest on borrowings which led to overall increase in finance cost in FY24.

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Interest coverage ratio

Recent News
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Kotak Mahindra Investment, Hinduja Leyland Finance to raise up to Rs 540 cr via bonds

Mar 26, 2024 | Hinduja Leyland Finance Limited

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BackBack Hinduja Group aims for value creation of $35-40 bn in BFSI sector, confident of acquiring Reliance Capital

Mar 26, 2024 | Hinduja Leyland Finance Limited

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Crisil upgrades Hinduja Leyland Finance Ltd. rating ahead of its listing

Oct 09, 2024 | Hinduja Leyland Finance Limited

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To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.

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