Hinduja Leyland Finance Gears Up For Global Expansion With $300-500 Million Debut Dollar Bond Issuance
Hinduja Leyland Finance Gears Up For Global Expansion With $300-500 Million Debut Dollar Bond Issuance
Blog Article
Hinduja Leyland Finance (HLF), the financial services arm of Ashok Leyland, the Flagship of the Hinduja Group, is set to raise $300-500 million through its first-ever issuance of dollar bonds by the end of the financial year (FY25). This move marks a significant milestone in the company’s journey toward global financial markets, reflecting its growing ambitions and strong domestic foundation.
The company, currently rated AA+ domestically, is yet to appoint arrangers or secure an international rating. However, it is already in discussions with potential arrangers to finalize the process.
HLF, promoted by Ashok Leyland, stands as one of India’s leading non-banking financial companies (NBFCs) with a core focus on vehicle financing in urban and semi-urban markets. Its strategic positioning and proven track record have paved the way for this bold foray into international capital markets.
This announcement comes at a time when Indian corporates are actively leveraging overseas markets for fundraising. As of October in FY25, Indian companies have raised approximately Rs 35,000 crore from global investors through bond issuances. Notable issuers include Manappuram Finance, Samvardhana Motherson International, Piramal Capital, and REC Ltd.
With this dollar bond debut, Hinduja Leyland Finance is poised to enhance its global expansion and further strengthen its position as a leading player in the financial services sector.
Commenting on the significance of the issuance, Mr. Prakash Hinduja, Chairman of the Hinduja Group, Europe said, “This bond issuance is a reflection of our commitment to growth and our confidence in Hinduja Leyland Finance’s ability to succeed in global markets. It aligns with Hinduja Group’s vision of fostering innovation and financial excellence across all our businesses.”