Security Name: 9.75% Hinduja Leyland Finance Limited 21 Apr 2028
ISIN:
INE146O08209
Taxable
Tax Category
21 Apr, 2028
Maturity Date
(3 Yr 1 Mo 25 D to mature)
Yearly
Interest Payment Frequency
No
NRI Eligibility
22 Apr, 2021
Allotment Date
NA
Put Date
22 Apr, 2025
Next Interest Payment Date
22 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
9.75%
Coupon
Fixed Interest
Coupon Basis
9.7349%
Current Yield
YOUR EARNING
Your Investment
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
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
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.
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.
Interest coverage ratio
Recent News
Kotak Mahindra Investment, Hinduja Leyland Finance to raise up to Rs 540 cr via bonds
Mar 26, 2024 | Hinduja Leyland Finance Limited
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
Crisil upgrades Hinduja Leyland Finance Ltd. rating ahead of its listing
Oct 09, 2024 | Hinduja Leyland Finance Limited
Related Videos
Bonds have Options
The in-depth exploration of Bond Options
Bonds vs Debentures
Fixed-Income Faceoff: Bonds vs. Debentures - Which is Right for You?
STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
Clean Price
Yield (YTM)
Principal Amount
Accrued Interest from
Select the number of units below
BOND VALUE DETAILS
Face Value
Market Value
Stamp Duty
Select a Settlement Date:
Total Investment
| Cashflow for INE146O08209 |
|---|
| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
|---|
| Security Name |
|---|
| 9.75% Hinduja Leyland Finance Limited 21 Apr 2028 |
| Credit Rating |
|---|
| AA Stable by CARE AA Stable by CRISIL |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹10,00,000 |
| Coupon |
|---|
| 9.750000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 21/04/2028 |
| Security |
|---|
| Unsecured Subordinated Tier 2 |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Feb 25,2025 |
| Principal Amount |
|---|
| ₹10,01,556 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹1 |
| Total Amount Payable |
|---|
| ₹10,01,557 |
| Price |
|---|
| ₹100.1556 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
|---|
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
similar bonds
8.20% IndiGrid Infrastructure Trust 06 May 2031
06 May, 2031
Maturity Date
₹3,00,000
Minimum Qty
INE219X07264
ISIN
Yearly
IP Frequency
7.8461%
Yield
₹101.6191
Price
8.75% THDC India Limited 06 Sep 2029
06 Sep, 2029
Maturity Date
₹10,00,000
Minimum Qty
INE812V07021
ISIN
Yearly
IP Frequency
7.4503%
Yield
₹104.761
Price
9.15% Yes Bank Limited 30 Jun 2025
30 Jun, 2025
Maturity Date
₹10,00,000
Minimum Qty
INE528G08287
ISIN
Yearly
IP Frequency
8.2999%
Yield
₹100.124
Price
8.25% Mahindra Rural Housing Finance Limited 03 Aug 2029
03 Aug, 2029
Maturity Date
₹10,00,000
Minimum Qty
INE950O07487
ISIN
Yearly
IP Frequency
7.7246%
Yield
₹101.8246
Price
9.85% ECL Finance Limited 06 Aug 2028
06 Aug, 2028
Maturity Date
₹1,00,000
Minimum Qty
INE804I079Y6
ISIN
Yearly
IP Frequency
11.255%
Yield
₹96
Price
