Hinduja Leyland Finance eyes $300-500 million through debut dollar bonds

Hinduja Leyland Finance, the financial services arm of Ashok Leyland, is planning to raise $300-500 million through debut issuance of dollar bonds by the end of the current financial year (FY25), its Managing Director (MD) & CEO Sachin Pillai said on Friday.

They plan to raise the funds through bonds maturing in three to five years.

“We plan to raise $300 million-$500 million through bonds from overseas which is a first for us. The tenure will be 3 years-5 years. We have not appointed arrangers so far, but we are in touch with a few people. We have also not received a rating for the issue, but domestically we are rated AA+,” said Pillai.