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Ashok Leyland Limited 7.3% 2027 Bond

ISININE208A07406

ASHOK LEYLAND LIMITED SR 3 7.30 NCD 17MR27 FVRS10LAC

Ashok Leyland Limited is a corporate (non-PSU) issuer in the Commercial Vehicles sector. This directory lists 1 of its bond.

Key terms

Issue date
17 Mar 2022
Interest basis
Simple
Instrument
Debentures
Mode of issue
Private Placement (EBP)
Series
TRANCHE 1
Sector
Commercial Vehicles
Issuer type
Corporate

Only disclosed values are shown. Anything not listed here is not available in our data.

What the rating means

ICRA AA+ / Stable

AA+most conservative current agency grade

Each rung groups an agency grade's +/- notches: “AA”, for example, covers AA+, AA and AA-. AAA, C and D are single grades.

AA-grade bonds are judged to have a very strong capacity to repay, only marginally weaker than AAA. They are considered high safety, with low sensitivity to adverse business or economic conditions. Ratings are agency opinions that can change over time, and a rating is not a guarantee of repayment.

Disclosed rating string: ICRA AA+/Stable

This describes the bond's credit rating only. Interest-rate, liquidity and reinvestment risks are covered in “Before you act”.

Price, yield & cashflows

At face value this bond yields 7.21% to maturity. Enter the price you would pay to see the yield it implies, with the full cashflow ladder.

5 scheduled payments through 17 Mar 2027; final payment ₹10,73,000 per bond.

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