7.30% Ashok Leyland Limited - AA Rated (INE208A07406)

Ashok Leyland Limited, a Commercial Vehicles company, has floated Debenture, having ISIN value as INE208A07406, with a face value of ₹10,00,000 rs on 17Mar22 to raise 200 crores. The debt instrument is issued with a coupon rate of 7.30% and its interest is paid Annually. 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 Secured Debenture is 7.30% SECURED RATED LISTED TAXABLE NON CONVERTIBLE DEBENTURE.SERIES 3.DATE OF MATURITY 17/03/2027. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 22Mar22. ICRA LIMITED has given AA+ rating to this Debenture on 13Sep24. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.