Ashok Leyland allots Rs 300 crore NCDs at 7.50 percent coupon
ASHOKLEY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Ashok Leyland has allotted 30,000 unsecured NCDs of Rs 1 lakh each, raising Rs 300 crore via private placement. The debentures carry a fixed 7.50 percent annual coupon, paid yearly, with bullet repayment at the end of 2 years (maturity Aug 10, 2028). Rated AA+ with stable outlook by ICRA. Will be listed on the NSE Wholesale Debt Market segment.
Modest Rs 300 crore debt raise at 7.50 percent for 2 years. AA+ rating and unsecured status indicate strong credit profile with limited equity impact.